Power to have valuation made
41A Power to have valuation made
In this section —
applicant, in relation to a transaction, means a person who made an application in respect of the transaction;
licensed valuer means a person licensed under the Land Valuers Licensing Act 1978.
For the purposes of determining whether a transaction is an eligible transaction, the Commissioner may —
have a valuation made of any property or consideration; or
adopt any available valuation of the property or consideration by a licensed valuer that the Commissioner considers appropriate.
The Commissioner may have a valuation made, or adopt a valuation, regardless of whether —
the Commissioner has required the applicant to provide information under section 40 about the value of the property or consideration; or
the applicant has complied with such a requirement.
[Section 41A inserted: No. 27 of 2009 s. 13.]
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