sec.106Valuation or evidence of value of property

sec.106 Valuation or evidence of value of property

This section applies to the commissioner for deciding whether a transaction relating to a property is an eligible transaction for a building boost grant. The commissioner may— by notice given to the applicant, require the applicant to give the commissioner— a valuation of the property prepared by a registered valuer; or other evidence of the value of the property the commissioner considers appropriate; or have the property valued; or rely on a valuation (an existing valuation ) of the property prepared by a registered valuer or other appropriately qualified person. If the applicant gives the commissioner a valuation or evidence under subsection (2) (a) with which the commissioner is not satisfied, the commissioner may— have the property valued; or rely on an existing valuation of the property. The commissioner may recover from the applicant the cost of obtaining a valuation under this section. In this section— appropriately qualified person , for giving evidence of the value of a property, means a person whom the commissioner is satisfied is properly qualified to give evidence of the value of the property. property means— a home; or land; or a relevant interest in land. registered valuer means a valuer registered under the Valuers Registration Act 1992 . (sec.106-ssec.1) This section applies to the commissioner for deciding whether a transaction relating to a property is an eligible transaction for a building boost grant. (sec.106-ssec.2) The commissioner may— by notice given to the applicant, require the applicant to give the commissioner— a valuation of the property prepared by a registered valuer; or other evidence of the value of the property the commissioner considers appropriate; or have the property valued; or rely on a valuation (an existing valuation ) of the property prepared by a registered valuer or other appropriately qualified person. (sec.106-ssec.3) If the applicant gives the commissioner a valuation or evidence under subsection (2) (a) with which the commissioner is not satisfied, the commissioner may— have the property valued; or rely on an existing valuation of the property. (sec.106-ssec.4) The commissioner may recover from the applicant the cost of obtaining a valuation under this section. (sec.106-ssec.5) In this section— appropriately qualified person , for giving evidence of the value of a property, means a person whom the commissioner is satisfied is properly qualified to give evidence of the value of the property. property means— a home; or land; or a relevant interest in land. registered valuer means a valuer registered under the Valuers Registration Act 1992 .

• (a) by notice given to the applicant, require the applicant to give the commissioner— (i) a valuation of the property prepared by a registered valuer; or (ii) other evidence of the value of the property the commissioner considers appropriate; or