sec.63Practice of unregistered valuer prohibited

sec.63 Practice of unregistered valuer prohibited

Subject to subsections (2) and (3) , a person who is not a registered valuer must not— hold himself or herself out as being a registered valuer; or carry on or attempt to carry on the business of a registered valuer; or take, use or exhibit a name, letter, word, title, description or symbol that, either alone or in the circumstances in which it is taken— is capable of being reasonably understood to indicate; or is intended by the person to indicate; that the person is a registered valuer or is entitled to carry on the business of a registered valuer. Maximum penalty—100 penalty units. If the person is a body corporate, an offence against subsection (1) is not committed if at least 1 director or member of the board of management of the body corporate or an employee of the body corporate is a registered valuer. It is not an offence against subsection (1) for a person who is an architect, engineer or quantity surveyor to make cost assessments or cost estimates in relation to a building, structure or improvement in the course of the person’s professional duties. (sec.63-ssec.1) Subject to subsections (2) and (3) , a person who is not a registered valuer must not— hold himself or herself out as being a registered valuer; or carry on or attempt to carry on the business of a registered valuer; or take, use or exhibit a name, letter, word, title, description or symbol that, either alone or in the circumstances in which it is taken— is capable of being reasonably understood to indicate; or is intended by the person to indicate; that the person is a registered valuer or is entitled to carry on the business of a registered valuer. Maximum penalty—100 penalty units. (sec.63-ssec.2) If the person is a body corporate, an offence against subsection (1) is not committed if at least 1 director or member of the board of management of the body corporate or an employee of the body corporate is a registered valuer. (sec.63-ssec.3) It is not an offence against subsection (1) for a person who is an architect, engineer or quantity surveyor to make cost assessments or cost estimates in relation to a building, structure or improvement in the course of the person’s professional duties.

• (a) hold himself or herself out as being a registered valuer; or
• (b) carry on or attempt to carry on the business of a registered valuer; or
• (c) take, use or exhibit a name, letter, word, title, description or symbol that, either alone or in the circumstances in which it is taken— (i) is capable of being reasonably understood to indicate; or (ii) is intended by the person to indicate;
• (i) is capable of being reasonably understood to indicate; or
• (ii) is intended by the person to indicate;
• (i) is capable of being reasonably understood to indicate; or