Valuers Bill
This bill replaces the old Valuers Act 1948 with a modern, updated version. It keeps the same basic rules for registering land valuers in New Zealand but makes several improvements: it removes the rule that valuers had to be at least 23 years old before registering, increases fines that haven't changed since the 1970s and 1990s, makes disciplinary hearings more transparent by holding them in public and publishing decisions online, and requires the Valuers Registration Board to manage conflicts of interest properly.
What this affects
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The bill updates who can become a registered land valuer and how they are regulated, which affects the valuation profession and property markets.
This is a revision bill that would re-enact the Valuers Act 1948 in a modernised and more accessible format.
Adjustments to penalties—the proposed changes include increasing the maximum penalty from $500 to $10,000, and removing provisions for continuing offences and associated daily fines. These changes reflect the impact of inflation since the penalties were last set in 1977.
the Board plays a public role, given the importance of valuations to property markets and property rights.
Progress through Parliament
Have your say
This bill is open for public submissions to the Primary Production Committee. Anyone can tell the committee what they think, and you don’t need to be an expert. Submissions close 26 June 2025.
Bill text sourced from legislation.govt.nz (Parliamentary Counsel Office). Arapono’s summary and breakdown are drafted with AI grounded in that official text and reviewed by an Arapono editor for accuracy and neutrality before publishing. Arapono is non-partisan and takes no position on this bill.