25ATerritory transition

25A Territory transition

If a valuation of any land in the Territory: (a) was made before 1 July 1992 by a person: (i) licensed under the Land Valuers Licensing Act 1978 (W.A.); or (ii) qualified for membership as a Fellow or Associate of the Australian Institute of Valuers (Incorporated); and (b) the value of the land has not significantly increased or decreased since the valuation; then: (c) the Valuer‑General may adopt that valuation as a general or interim valuation; and (d) this Act applies to the valuation as if the valuation was a general or interim valuation made by the Valuer‑General under the Act. (2) The Valuer‑General must not adopt a valuation of land under subsection (1), unless the land is rateable land.

Part 44—Weights and Measures Act 1915 (W.A.)(C.I.)

1 New section 51A

1.1 After section 51, insert: