Victorian Current Acts

WILLS ACT 1997 - SECT 49

    (1)     If—

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

        (b)     the will does not provide a method of calculating the valuation or the method of calculating the valuation is not provided for by the law of Victoria or of another jurisdiction—

the reference to the valuation in the will is to be construed as if it were a reference to a valuation of the property as at the testator's death made by a competent valuer.

S. 49(2) inserted by No. 43/1998
s. 56.

    (2)     Subsection (1) does not apply if a contrary intention appears in the will.

S. 49A inserted by No. 41/2017 s. 29.