Local Government Act 1993

The Valuer-General, with the approval of the Minister, may determine that the assessed annual value, capital value or land value of land – in a newly created municipal area; or in a municipal area any boundary of which has been varied – is to be amended so as to accord with the most recent values prevailing in the municipal area.

Any amendment made under subsection (1) applies until a fresh valuation is made in respect of the municipal area under the Valuation of Land Act 2001 or is subject to an adjustment factor provided by the Valuer-General under Part 9A of that Act.