Western Australian Current Regulations

LICENSED VALUERS CODE OF CONDUCT 2016

TABLE OF PROVISIONS

   PART 1 -- Preliminary  

   1.      Citation  
   2.      Commencement  
   3.      Terms used

   PART 2 -- General duties  

   4.      Knowledge of relevant law  
   5.      Application of code  
   6.      Acting in best interests of client  
   7.      Duty of care, diligence and skill  
   8.      Duty of honesty  
   9.      Confidential information  
   10.     Use of information  
   11.     Client’s instructions  
   12.     Misleading or deceptive conduct  
   13.     Competency

   PART 3 -- Employees  

   14.     Supervision and control of employees

   PART 4 -- Conflict of interest  

   15.     Terms used  
   16.     Conflicts between interests of clients  
   17.     Conflicts between interests of licensed valuer and client  
   18.     Impartiality and independence

   PART 5 -- Appointment of licensed valuer and payment of fees  

   19.     Costs disclosure  
   20.     Reward not to exceed costs disclosure unless unforeseen significant change occurs  
   21.     Fees for referrals  
   22.     Written authority

   PART 6 -- Specific duties of licensed valuer  

   23.     Risk management  
   24.     Retaining documents and information  
   25.     Inspection of land and contents of report  
   26.     Valuation methodology

   PART 7 -- Repeal and transitional  

   27.     Repeal of 2016 Code  
   28.     Transitional
           SCHEDULE 1 -- Executive Summary
           Compilation table