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LAND VALUATION ACT 2010 - SECT 72
General duty to make annual valuations
(1) The valuer-general must— (a) make an annual valuation of all land in a
local government area; and
(b) fix a valuation day for each annual valuation.
(2) If a valuation is required for more than 1 statutory purpose, an annual
valuation must be made for each of them.
(3) Subsection (4) applies if the
valuer-general— (a) has made an annual valuation for a local government
area; but
(b) has omitted to make a valuation of particular land in the area.
(4) Despite the omission, the valuer-general is taken to have made an annual
valuation for all of the area. Note— See also section 81 (Valuation of land
omitted from annual valuation).
(5) Subsection (1) is subject to section 74
.
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