Queensland Consolidated Acts

SUCCESSION ACT 1981 - SECT 33S

33S Effect of reference to valuation in will

(1) This section applies if—

(a) there is an express or implied requirement in a will that a valuation of property be made or accepted for a purpose; and

(b) either—

(i) the will does not provide a method of valuation; or

(ii) the method of valuation is not provided for by the law of Queensland or another place.

(2) The reference in the will to the valuation must be interpreted, to the extent the method of valuation is not provided for as mentioned in subsection (1) (b) (i) or (ii) , as if the reference were a reference to a valuation of the property as at the date of the testator’s death made by a competent valuer.

(3) Subsection (2) does not apply if a contrary intention appears in the will.