Australian Capital Territory Numbered Acts

FIRST HOME OWNER GRANT AMENDMENT ACT 2010 (NO. 46 OF 2010) - SECT 11

insert

38A     Power to require valuation

    (1)     For the purposes of deciding the total value of an eligible transaction, the commissioner may do 1 or more of the following:

        (a)     require, by written notice, an applicant or former applicant for a first home owner grant to give the commissioner—

              (i)     a valuation by a valuer of any property or consideration; or

              (ii)     other evidence of the value of the property or consideration the commissioner considers appropriate;

        (b)     have a valuation made of any property or consideration;

        (c)     adopt any available valuation of the property or consideration by a valuer.

    (2)     In this section:

"valuer" means—

        (a)     a certified practising valuer who is a member of the Australian Property Institute; or

        (b)     a person the commissioner considers suitably qualified.