Commonwealth Numbered Regulations

NATIONAL RENTAL AFFORDABILITY SCHEME REGULATIONS 2020 (F2020L00282) - REG 40

Secretary may require valuation from a different valuer

             (1)  If the Secretary reason ably believes that a valuation (the first valuation ) is not accurate, the Secretary may require the approved participant:

                     (a)  to give the Secretary a valuation prepared by a different valuer in replacement of the first valuation; and

                     (b)  to do so within the period specified by the Secretary.

             (2)  Subsection (1) applies whether or not the Secretary accepted the first valuation.

Valuations to be obtained at approved participant's expense

             (3)  A valuation under this Part of a rental dwelling covered by an allocation is to be obtained at the approved participant's expense.