6Valuation of affected properties to which applications relate

6 Valuation of affected properties to which applications relate

(1)  The Minister, as soon as practicable after receiving under section 5(1) an application in relation to an affected property, must request the Valuer-General to make a valuation of the affected property.

(2)  The Valuer-General must make a valuation of an affected property under section 51 of the Valuation of Land Act 2001 , and provide to the Minister a report of the valuation, within 60 days of receiving a request under subsection (1) in relation to the affected property.

(3)  The Valuer-General must make under subsection (2) a valuation of an affected property based on the value that the property (exclusive of any chattels) would have had on 1 May 2016 if –

(a) any dwelling or other structure on the property were at that time undamaged by earth movements; and

(b) the value of the property, and other properties in the vicinity of the affected property, were at that time not affected by actual or potential earth movements.

(4)  The Valuer-General, by notice to the eligible owners of an affected property, may require the eligible owners to provide to the Valuer-General information that the Valuer-General requires to make a valuation of the affected property.