{"id":"sr:valuation-land-regulations-2024","name":"Valuation of Land Regulations 2024","slug":"valuation-of-land-regulations-2024","collection":"regulation","jurisdiction":"vic","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":181383,"registerId":"vic-sr:valuation-land-regulations-2024-current","compilationNumber":null,"startDate":"2026-04-05","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Valuation of Land Regulations 2024","content":"Version No. 001\n\n**Valuation of Land Regulations 2024**\n\n**S.R. No. 93/2024**\n\nVersion as at  \n27 September 2024\n\n**TABLE OF PROVISIONS**\n\n*Regulation Page*\n\n1 Objective 1\n\n2 Authorising provision 1\n\n3 Commencement 1\n\n4 Revocation 1\n\n5 Definition 1\n\n6 Oath or affirmation of fidelity and secrecy 1\n\n7 Prescribed form of returned valuations 1\n\n8 Prescribed form of return of valuations 2\n\n9 Prescribed information for objections 2\n\n10 Prescribed amount for certain objections 2\n\n11 Prescribed information to be given by the valuer 3\n\nSchedule 1—Oath or affirmation of fidelity and secrecy 4\n\nSchedule 2—Information required for objection to valuation under section 16(2)(a) of the Act 5\n\n═════════════\n\nEndnotes 8\n\n1 General information 8\n\n2 Table of Amendments 10\n\n3 Explanatory details 11\n\n**Version No.** **001**\n\n**Valuation of Land Regulations 2024**\n\n**S.R. No. 93/2024**\n\nVersion as at  \n27 September 2024\n\n\t1 Objective\n\nThe objective of these Regulations is to prescribe certain matters for the purposes of the **Valuation of Land Act 1960**.\n\n\t2 Authorising provision\n\nThese Regulations are made under section 52 of the **Valuation of Land Act 1960**.\n\n\t3 Commencement\n\nThese Regulations come into operation on 27 September 2024.\n\n\t4 Revocation\n\nThe Valuation of Land Regulations 2014[[1]](#endnote-1) are **revoked**.\n\n\t5 Definition\n\nIn these Regulations—\n\n***the Act*** means the **Valuation of Land Act 1960**.\n\n\t6 Oath or affirmation of fidelity and secrecy\n\nFor the purposes of section 3A(3)(b) of the Act, the prescribed oath or affirmation of fidelity and secrecy is the oath or affirmation set out in Schedule 1.\n\n\t7 Prescribed form of returned valuations\n\nFor the purposes of section 13DH(1) of the Act, a returned valuation is in the prescribed form if it contains—\n\n(a) data, text or images able to be stored and transmitted electronically; and\n\n(b) the information required to be contained in a valuation record by the Valuation Best Practice Specifications Guidelines; and\n\n(c) the information required to be contained in a report of general valuation by the Valuation Best Practice Specifications Guidelines.\n\n\t8 Prescribed form of return of valuations\n\nFor the purposes of section 13O(1) of the Act, a valuation is in the prescribed form if it contains—\n\n(a) data, text or images able to be stored and transmitted electronically; and\n\n(b) the information required to be contained in a valuation record by the Valuation Best Practice Specifications Guidelines; and\n\n(c) the information required to be contained in a report of general valuation by the Valuation Best Practice Specifications Guidelines.\n\n\t9 Prescribed information for objections\n\nFor the purposes of section 16(2)(a) of the Act, the prescribed information is the information set out in Schedule 2.\n\n\t10 Prescribed amount for certain objections\n\nFor the purposes of sections 16(3A)(b) and 20(1)(b) of the Act, the prescribed amount is—\n\n(a) a net annual value of $240 000; or\n\n(b) a site value of $3 000 000; or\n\n(c) a capital improved value of $4 000 000.\n\n\t11 Prescribed information to be given by the valuer\n\nFor the purposes of section 20(2) of the Act, the prescribed information is—\n\n(a) the address of the land; and\n\n(b) the rating authority's property reference number; and\n\n(c) details of the land and improvements; and\n\n(d) a description of the valuation approach including, if appropriate, any sales or rentals relied on; and\n\n(e) a response to the information contained in the objection, if appropriate.\n\nSchedule 1—Oath or affirmation of fidelity and secrecy\n\nRegulation 6\n\nOath of Fidelity and Secrecy\n\nI, [*insert name*] of [*insert address*] swear (or promise) by Almighty God (or the person may name a god recognised by the person's religion) that I will truly and faithfully perform any duties carried out under the **Valuation of Land Act 1960** to the best of my skill and knowledge, and that I will not divulge or communicate any matter coming to my knowledge in relation to any books, documents or papers inspected for the purpose of making a valuation pursuant to the Act or any other matter coming to my knowledge in the performance of my duties to any person except for the purpose of carrying into effect the provisions of the Act.\n\nAffirmation of Fidelity and Secrecy\n\nI, [*insert name*] of [*insert address*] solemnly and sincerely declare and affirm that I will truly and faithfully perform any duties carried out under the **Valuation of Land Act 1960** to the best of my skill and knowledge, and that I will not divulge or communicate any matter coming to my knowledge in relation to any books, documents or papers inspected for the purpose of making a valuation pursuant to the Act or any other matter coming to my knowledge in the performance of my duties to any person except for the purpose of carrying into effect the provisions of the Act.\n\nSchedule 2—Information required for objection to valuation under section 16(2)(a) of the Act\n\nRegulation 9\n\nInformation required for objection to valuation under section 16(2)(a) of the Act\n\nPart A\n\n\tA1 For each valuation objected to\n\n1. The address of the land.\n\n2. The rating authority's land reference number.\n\n3. The name of the objector and whether that person is an owner and/or occupier.\n\n4. The postal address (if different to the address of the subject land) or email address of the objector.\n\n5. The telephone contact details of the objector.\n\n6. The area of the land in square metres or hectares.\n\n7. The date of lodgement of the objection.\n\n8. The value or values for which an objection is being lodged.\n\nPart B\n\n\tB1 For land classified as residential land\n\n1. The description of the dwelling including the area in square metres.\n\n2. The details of any structural improvements erected on the property.\n\n\tB2 For land classified as commercial or industrial land\n\n1. The gross area of any buildings on the land in square metres.\n\n2. The lettable area of any buildings on the land in square metres.\n\n3. The nature of occupancy of any building on the land.\n\n4. The commencement date and term in years of any lease relating to the land.\n\n5. The actual net and/or gross rent payable per year, as specified in any lease.\n\n6. The details of rent reviews specified in any lease.\n\n7. The details of any incentives provided by the lessor in relation to the letting of the land.\n\n8. The details of any outgoings relevant to the lease and the name of the person responsible for those outgoings.\n\n9. The number of car parking spaces on the land or associated with any lease relating to the land and the annual rent payable for those spaces.\n\n10. The details of any fixed plant.\n\n\tB3 For land classified as rural production land\n\n1. A description of the major soil types and topographical features on the land with the area of each type in hectares.\n\n2. The details of the type and extent of any vegetation or planting found on the land with the area of each type in hectares.\n\n3. The details of the existence and extent of any irrigation including details of user permit and access rights, and any dam and bore licences.\n\n4. A description of the fencing, pastures and water supply on the land.\n\n5. The details of any leases or licences for unused roads or water frontages.\n\n6. A description of the main dwelling on the land (if any).\n\n7. A description of any additional dwelling or other structural improvements to the land including any fixed plant.\n\n═════════════\n\nEndnotes\n\n1 General information\n\nSee [www.legislation.vic.gov.au](http://www.legislation.vic.gov.au) for Victorian Bills, Acts and current Versions of legislation and up-to-date legislative information.\n\nThe Valuation of Land Regulations 2024, S.R. No. 93/2024 were made on 17 September 2024 by the Governor in Council under section 52 of the **Valuation of Land Act 1960**, No. 6653/1960 and came into operation on 27 September 2024: regulation 3.\n\nThe Valuation of Land Regulations 2024 will sunset 10 years after the day of making on 17 September 2034 (see section 5 of the **Subordinate Legislation Act 1994**).\n\nINTERPRETATION OF LEGISLATION ACT 1984 (ILA)\n\nStyle changes\n\nSection 54A of the ILA authorises the making of the style changes set out in Schedule 1 to that Act.\n\nReferences to ILA s. 39B\n\nSidenotes which cite ILA s. 39B refer to section 39B of the ILA which provides that where an undivided regulation, rule or clause of a Schedule is amended by the insertion of one or more subregulations, subrules or subclauses the original regulation, rule or clause becomes subregulation, subrule or subclause (1) and is amended by the insertion of the expression \"(1)\" at the beginning of the original regulation, rule or clause.\n\nInterpretation\n\nAs from 1 January 2001, amendments to section 36 of the ILA have the following effects:\n\n• Headings\n\nAll headings included in a Statutory Rule which is made on or after  \n1 January 2001 form part of that Statutory Rule. Any heading inserted in a Statutory Rule which was made before 1 January 2001, by a Statutory Rule made on or after 1 January 2001, forms part of that Statutory Rule.  \nThis includes headings to Parts, Divisions or Subdivisions in a Schedule; Orders; Parts into which an Order is divided; clauses; regulations; rules; items; tables; columns; examples; diagrams; notes or forms.  \nSee section 36(1A)(2A)(2B).\n\n• Examples, diagrams or notes\n\nAll examples, diagrams or notes included in a Statutory Rule which is made on or after 1 January 2001 form part of that Statutory Rule. Any examples, diagrams or notes inserted in a Statutory Rule which was made before 1 January 2001, by a Statutory Rule made on or after 1 January 2001, form part of that Statutory Rule. See section 36(3A).\n\n• Punctuation\n\nAll punctuation included in a Statutory Rule which is made on or after  \n1 January 2001 forms part of that Statutory Rule. Any punctuation inserted in a Statutory Rule which was made before 1 January 2001, by a Statutory Rule made on or after 1 January 2001, forms part of that Statutory Rule.  \nSee section 36(3B).\n\n• Provision numbers\n\nAll provision numbers included in a Statutory Rule form part of that Statutory Rule, whether inserted in the Statutory Rule before, on or after  \n1 January 2001. Provision numbers include regulation numbers, rule numbers, subregulation numbers, subrule numbers, paragraphs and subparagraphs. See section 36(3C).\n\n• Location of \"legislative items\"\n\nA \"legislative item\" is a penalty, an example or a note. As from 13 October 2004, a legislative item relating to a provision of a Statutory Rule is taken to be at the foot of that provision even if it is preceded or followed by another legislative item that relates to that provision. For example, if a penalty at the foot of a provision is followed by a note, both of these legislative items will be regarded as being at the foot of that provision. See section 36B.\n\n• Other material\n\nAny explanatory memorandum, table of provisions, endnotes, index and other material printed after the Endnotes does not form part of a Statutory Rule. See section 36(3)(3D)(3E).\n\n2 Table of Amendments\n\nThere are no amendments made to the Valuation of Land Regulations 2024 by statutory rules, subordinate instruments and Acts.\n\n3 Explanatory details\n\n1. Reg. 4: S.R. No. 148/2014. [↑](#endnote-ref-1)","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":3,"scope_assessment":{"changed":false,"description":"The regulations remain tightly focused on their original purpose: prescribing administrative and procedural matters for the Valuation of Land Act 1960. The 2024 version updates dollar thresholds and modernises electronic data requirements but does not expand beyond the traditional scope of valuation administration, objection procedures, and valuer conduct."},"complexity_factors":["Only 1 defined term ('the Act') in the interpretation section","Straightforward structure with 11 regulations and 2 schedules","Minimal cross-referencing—primarily references back to specific sections of the parent Valuation of Land Act 1960","No nested exceptions or conditional logic beyond simple 'if appropriate' qualifiers in regulation 11","Prescriptive lists in Schedule 2 (Parts A, B1, B2, B3) create length but not conceptual complexity","Relies heavily on external documents ('Valuation Best Practice Specifications Guidelines') for substantive content, reducing on-page complexity"],"plain_english_summary":"This is a Victorian regulation that sets out the administrative rules for how land valuations are conducted and challenged under the Valuation of Land Act 1960.\n\n**What it does:**\n- **Replaces old rules:** Revokes the 2014 regulations and starts fresh with updated requirements.\n- **Sets forms and procedures:** Specifies exactly what information must be included when valuers return valuation data to authorities, and what format that data must take (electronic, with specific content requirements).\n- **Creates objection thresholds:** Sets dollar limits for when certain objection procedures apply—if your property's net annual value exceeds $240,000, or site value exceeds $3 million, or capital improved value exceeds $4 million, specific rules kick in.\n- **Standardises objection requirements:** Lists exactly what details objectors must provide when challenging a valuation, with different requirements for residential, commercial/industrial, and rural properties.\n- **Requires valuer transparency:** Mandates what information valuers must give property owners when responding to objections (address, property details, valuation methodology, comparable sales or rentals used).\n- **Includes a secrecy oath:** Provides the exact wording of the oath or affirmation that valuation officials must swear, promising to keep valuation information confidential and perform duties faithfully.\n\n**Who it affects:**\n- Property owners in Victoria who want to object to their land valuation\n- Valuers and valuation officials working under the Valuation of Land Act 1960\n- Rating authorities (like local councils) that use these valuations for rates\n- Commercial property owners with leases, who must provide detailed lease information when objecting\n\n**Why it matters:**\nIf you own property in Victoria and disagree with your council rates because you think your land valuation is wrong, these rules determine what evidence you need to provide, what format it must be in, and what information the valuer must give you back. The dollar thresholds ($240k/$3m/$4m) determine whether you get certain procedural protections. For rural landowners, the requirements are particularly detailed—you need soil types, vegetation details, irrigation rights, and fencing descriptions."},"summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"Based on the limited information provided, there is no evidence of scope change from the original intent. As a 2024 regulation under an established Act, it appears to be a standard remake or update of existing regulations governing land valuation procedures in Victoria, rather than a significant expansion or contraction of regulatory scope."},"complexity_factors":["Insufficient legislative text provided — only version metadata and headers were included, preventing full analysis of substantive provisions","Regulations of this type typically involve technical valuation methodology that can be complex for laypeople","Interaction with the parent Valuation of Land Act creates a two-layer legal framework that requires understanding both documents","Affects multiple stakeholders (property owners, councils, state revenue) with potentially different obligations for each","Complexity score is conservatively low due to the near-total absence of actual regulatory content in the provided text"],"plain_english_summary":"This regulation supports Victoria’s Valuation of Land Act by prescribing the detailed rules for how land is valued—procedures for valuers, forms, timeframes and fees—to govern valuations used for council rates, land tax and other charges. It affects property owners, local councils, registered valuers and the State Revenue Office because those valuations determine tax and rates liabilities and objection rights. Note: the provided file only included header/version info, not substantive text."},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"The Regulations update and specify procedural details for the Valuation of Land Act 1960 — prescribing oath wording, electronic form requirements, objection information and monetary thresholds — and revoke the 2014 Regulations (regs 1, 4, 6–11). They do not alter the Act's substantive valuation powers or expand the Act's objects; they replace and clarify subsidiary procedures and information requirements."},"complexity_factors":["Cross-references to multiple sections of the Valuation of Land Act 1960 (regs 6, 7, 8, 9, 10, 11) increase navigation between instruments","Dependence on an external document — the Valuation Best Practice Specifications Guidelines — for required content (regs 7 & 8)","Numeric thresholds for objection eligibility create discrete cut-offs for net annual value, site value and capital improved value (reg 10)","Different information requirements depending on land classification (Schedule 2, Parts A and B) add conditional detail for objectors","Revocation of the 2014 Regulations replaces earlier procedural rules (reg 4), requiring stakeholders to update processes","Prescribed oath/affirmation wording imposes a specific disclosure/secrecy obligation on valuers (reg 6 & Schedule 1)"],"plain_english_summary":"These Regulations prescribe specific procedural matters for the Valuation of Land Act 1960 — revoking the 2014 Regulations and setting the required oath, the electronic form and content of valuation returns, the information needed to lodge objections, and monetary thresholds for certain objections. The Regulations require valuers to use electronic formats and follow the Valuation Best Practice Specifications Guidelines, and they affect valuers, property owners who object, and rating authorities by changing submission formats, information obligations and threshold-based eligibility for objections."},"issue_detection":{"absurdities":[],"contradictions":[]}},"importantCases":[],"_links":{"self":"/api/acts/valuation-of-land-regulations-2024","history":"/api/acts/valuation-of-land-regulations-2024/history","analysis":"/api/acts/valuation-of-land-regulations-2024/analysis","conflicts":"/api/acts/valuation-of-land-regulations-2024/conflicts","importantCases":"/api/acts/valuation-of-land-regulations-2024/important-cases","documents":"/api/acts/valuation-of-land-regulations-2024/documents"}}