Valuation Act 1967.
Being an Act relating to the valuation of property, to provide for the registration of land valuers and for other purposes.
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LEX-FAOC070774
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1
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This Act makes provision for the valuation of property, for the registration of land valuers and for the establishment of a Papua and New Guinea Valuers Registration Board. The Act defines the procedures and criteria of valuation of property including land. There shall be various kinds of valuers, i.e. a valuer of urban land, a valuer of rural land or a valuer competent for both kinds of land. Land valuers shall be registered in accordance with this Act in the Register of Valuers.
Implemented by: Valuation Regulation 1967. (2006-11-25)
Amended by: Valuation (Amendment) Act 2016 (No. 32 of 2016). (2016-12-13)
