3
CurrentDisclosure of interest in land
Schedule 1Code of professional conduct
Part 1Duty to client
3 Disclosure of interest in land
(1)
If a registered valuer has a direct or indirect interest in land, the valuer must not make a valuation of the land, or of improvements to the land, for a client unless—
(a)
the valuer discloses the nature of the valuer’s interest to the client; and
(b)
after the disclosure is made, the client gives the valuer written approval to make the valuation.
(2)
In this section—
direct or indirect interest, in land, includes an interest in improvements to the land.
improvements means—
(a)
site improvements under the Land Valuation Act 2010, section 23; or
(b)
non-site improvements under the Land Valuation Act 2010, section 24.
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