sec.69BValuation or evidence of value of property

sec.69B Valuation or evidence of value of property

For determining whether a transaction is an eligible transaction, eligible RHBBG transaction or eligible home builder transaction, the commissioner may— by notice given to a relevant person, require the person to lodge a valuation of property prepared by a registered valuer or to provide the other evidence of value the commissioner considers appropriate; or have property valued; or rely on a valuation of property prepared by a registered valuer, or other person the commissioner is satisfied is properly qualified to provide evidence of value of the property. If the commissioner is not satisfied with the valuation or evidence lodged or provided under subsection (1) (a) , the commissioner may— have the property valued; or rely on a valuation of the property prepared by a registered valuer, or another person the commissioner is satisfied is properly qualified to provide evidence of value of the property. The commissioner may recover the cost of obtaining a valuation under this section from the relevant person. In this section— property means— in relation to a first home owner grant— a home; or land; or a relevant interest in land; or in relation to a regional home building boost grant— a home within the meaning of the RHBBG direction; or land; or an estate in fee simple in land; or in relation to a home builder grant— a home within the meaning of the home builder direction; or land; or an estate in fee simple in land. registered valuer means a valuer registered under the Valuers Registration Act 1992 . relevant person means— an applicant for a first home owner grant, regional home building boost grant or home builder grant in relation to the transaction; or a former applicant for a first home owner grant, regional home building boost grant or home builder grant in relation to the transaction. s 69B ins 2008 No. 75 s 53 amd 2020 No. 30 s 4R (sec.69B-ssec.1) For determining whether a transaction is an eligible transaction, eligible RHBBG transaction or eligible home builder transaction, the commissioner may— by notice given to a relevant person, require the person to lodge a valuation of property prepared by a registered valuer or to provide the other evidence of value the commissioner considers appropriate; or have property valued; or rely on a valuation of property prepared by a registered valuer, or other person the commissioner is satisfied is properly qualified to provide evidence of value of the property. (sec.69B-ssec.2) If the commissioner is not satisfied with the valuation or evidence lodged or provided under subsection (1) (a) , the commissioner may— have the property valued; or rely on a valuation of the property prepared by a registered valuer, or another person the commissioner is satisfied is properly qualified to provide evidence of value of the property. (sec.69B-ssec.3) The commissioner may recover the cost of obtaining a valuation under this section from the relevant person. (sec.69B-ssec.4) In this section— property means— in relation to a first home owner grant— a home; or land; or a relevant interest in land; or in relation to a regional home building boost grant— a home within the meaning of the RHBBG direction; or land; or an estate in fee simple in land; or in relation to a home builder grant— a home within the meaning of the home builder direction; or land; or an estate in fee simple in land. registered valuer means a valuer registered under the Valuers Registration Act 1992 . relevant person means— an applicant for a first home owner grant, regional home building boost grant or home builder grant in relation to the transaction; or a former applicant for a first home owner grant, regional home building boost grant or home builder grant in relation to the transaction.