11
CurrentProhibition on contingency fees—valuation for deciding compensation
Schedule 1Code of professional conduct
Part 3Professional fees
11 Prohibition on contingency fees—valuation for deciding compensation
(1)
This section applies if a registered valuer makes a valuation that may be used to decide the amount of compensation to be paid to a person.
(2)
The registered valuer must not—
(a)
make payment of the fee for the valuation contingent on the amount of compensation; or
(b)
fix a fee for the valuation as a percentage of the amount of compensation.
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