For the purposes of section 7AA(1) of the Act, a report of a valuation is in the prescribed form if—
(a) it is data, text or images able to be stored and transmitted electronically; and
(b) it contains the information required to be contained in a valuation record by the Valuation Best Practice Specifications Guidelines; and
(c) it contains the information required to be contained in a report of general valuation by the Valuation Best Practice Specifications Guidelines.