Exceptions to annual valuation requirement
74 Exceptions to annual valuation requirement
The valuer-general need not make an annual valuation of land in a local government area if the valuer-general considers it is not possible to do so because of unusual circumstances.
The valuer-general may decide not to make an annual valuation of land in a local government area after considering—
a market survey report for the area; and
the results of consultation with the local government for the area, and appropriate local groups and industry groups.Example of local group—
the local Chamber of CommerceExamples of industry groups—
AgForce, Queensland Industrial Union of Employers and Queensland Canegrowers Organisation Limited
In this section—
market survey report, for a local government area, means a report to the valuer-general giving—
details of sales of land, including sales of land outside the area, since the last annual valuation was made; and
the probable impact of the sales on the value of land in the area if an annual valuation were to be made.
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