36APower to require valuation or other evidence

#### 36A Power to require valuation or other evidence 36A Power to require valuation or other evidence > > (1) For a relevant purpose, the Chief Commissioner may do any one or more of the following— > > > > > (a) require, by written notice, the following to give to the Chief Commissioner evidence of the value of property or consideration that the Chief Commissioner considers appropriate— > > > > > > > (i) an applicant for a first home owner grant, > > > > > > > (ii) an applicant for participation in a shared equity scheme, > > > > > (b) have a valuation made of any property or consideration by a person the Chief Commissioner is satisfied is suitably qualified to provide evidence of the value of property or consideration, > > > > > (c) adopt any available valuation made of the property or consideration by a person the Chief Commissioner is satisfied is suitably qualified to provide evidence of the value of property or consideration. > > > (2) The Chief Commissioner may recover from the applicant the cost of obtaining a valuation of property under subsection (1)(b) if— > > > > > (a) the value of the property in the valuation obtained by the Chief Commissioner differs from the value of the property provided by the applicant by at least 10%, or > > > > > (b) the applicant fails to comply with a written notice given to the applicant under subsection (1)(a)(ii) within 60 days after the notice is issued. > > > (3) The Chief Commissioner may require the Valuer-General to make a valuation for the purposes of this section. > > > (4) In this section— > > > > applicant includes a former applicant. > > > > relevant purpose means— > > > > > (a) determining the total value of a transaction, or > > > > > (b) the administration of a shared equity scheme. > > **s 36A:** Ins 2009 No 51, Sch 3 \[18\]. Am 2015 No 48, Sch 1.13 \[1\] \[2\]; 2022 No 63, Sch 2\[12\]–\[14\].