Valuers Registration Act 1992
sec.42FBPayment of fee for recording on list for up to 5 years
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sec.42FB Payment of fee for recording on list for up to 5 years
Despite section 42FA , a specialist retail valuer may pay the fee mentioned in section 42FA (a) for up to 5 years in advance. If particulars of a specialist retail valuer are removed from the list of specialist retail valuers under section 42G (1) , the board may refund any fee paid for a period after the next annual renewal day after the removal. If a fee has been paid for a period after the next annual renewal day and the prescribed fee for the period is a different amount to the amount paid, the board may— if the prescribed fee is less than the amount already paid—refund the difference between the fee already paid and the prescribed fee; or if the prescribed fee is more than the amount already paid—require payment of the difference between the fee already paid and the prescribed fee. s 42FB ins 2001 No. 62 s 19 (sec.42FB-ssec.1) Despite section 42FA , a specialist retail valuer may pay the fee mentioned in section 42FA (a) for up to 5 years in advance. (sec.42FB-ssec.2) If particulars of a specialist retail valuer are removed from the list of specialist retail valuers under section 42G (1) , the board may refund any fee paid for a period after the next annual renewal day after the removal. (sec.42FB-ssec.3) If a fee has been paid for a period after the next annual renewal day and the prescribed fee for the period is a different amount to the amount paid, the board may— if the prescribed fee is less than the amount already paid—refund the difference between the fee already paid and the prescribed fee; or if the prescribed fee is more than the amount already paid—require payment of the difference between the fee already paid and the prescribed fee.
- (a) if the prescribed fee is less than the amount already paid—refund the difference between the fee already paid and the prescribed fee; or
- (b) if the prescribed fee is more than the amount already paid—require payment of the difference between the fee already paid and the prescribed fee.