RETIREMENT VILLAGES ACT 1999 - SECT 70 Valuer

RETIREMENT VILLAGES ACT 1999 - SECT 70

70 Valuer

(1) For this division, the valuer of the resale value of the right to reside in the unit must be a person who—

(a) is a registered valuer; and

(b) is agreed on by the scheme operator and the former resident.

(2) If the scheme operator and the former resident can not agree on the valuer—

(a) the scheme operator or the former resident must immediately tell the chief executive by written notice; and

(b) the valuer is to be a registered valuer decided by the chief executive within 14 days after the chief executive receives the notice mentioned in paragraph (a) .

(3) In this section—


"registered valuer" means a valuer registered under the Valuers Registration Act 1992 .