70VValuation of property which is subject of election

70V Valuation of property which is subject of election (1) Subject to subsection (3), the intestate's personal representative must obtain a valuation of any property forming part of the intestate's estate as at the intestate's death from a valuer who holds the qualifications or experience specified under section 13DA(2) of the **Valuation of Land Act 1960** if— (a) a partner makes a partner's property election in relation to that property; or (b) a partner asks the personal representative to obtain a valuation to enable the partner to decide whether to make a partner's property election. (2) The personal representative must give a copy of the valuation to— (a) the partner; and (b) each other beneficiary who is entitled to a share in the intestate's estate. (3) The requirement for a personal representative to obtain a valuation is waived if all the beneficiaries (including the partner) entitled to a share in the intestate's estate consent in writing to the requirement being waived. S. 70W inserted by No. 41/2017 s. 11.