Published date
Topic
Property valuation

LINZ and the Parliamentary Counsel Office (PCO) are seeking feedback on the Valuers Bill before it is introduced to Parliament. The purpose of the Bill is to revise the Valuers Act 1948.

The Valuers Act 1948 is old and expressed in out-of-date language. Revising this Act in a modern form will make it more accessible and help to reduce regulatory costs.

The Bill has been developed under the 2024 - 2026 revision programme.

Exposure draft Bill and Amendment Paper, explanatory material, and how to make a submission

The PCO has prepared the "exposure draft" of the Bill for public review, so that feedback from interested parties can be used to improve the Bill before it is introduced to Parliament.

Together, LINZ and PCO are also consulting on an Amendment Paper that is intended, with the parliamentary Business Committee’s approval, to accompany the Bill on introduction and to be considered with the Bill at the select committee stage. It will make low level, uncontentious policy amendments to improve the law. The new process for revision Amendment Papers is set out in the explanatory material.

Including: 

  • the draft exposure bill
  • the Amendment Paper
  • how to make a submission
  • important information on the publication of submissions
  • an overview of the revision process and its safeguards (Part 1 of explanatory material)
  • context for changes in the Bill, and specific questions LINZ and PCO are seeking feedback on (Part 2 of explanatory material)
  • a table of the provisions affected and the drafting changes (Part 3 of explanatory material)
  • a table of proposed changes to the law, outside the scope of the revision powers, that are to be made by the Amendment Paper (Part 4 of explanatory material).

Deadline for submissions

Please provide comments to contact@pco.govt.nz by 5pm, Tuesday 10 September 2024.

 

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