Valuation Regulation 1967

Valuation Regulation 1967 Unvalidated References: Valuation Act 1967 This reprint of this Statutory Instrument incorporates all amendments, if any, made before25 November 2006 and in force at 24 April 1968. ......... Legislative Counsel Dated 25 November 2006 INDEPENDENT STATE OF PAPUA NEW GUINEA. Chapter 327. Valuation Regulation 1967 ARRANGEMENT OF SECTIONS. 1. Forms. 2. Particulars prescribed by forms. 3. Directions in forms. 4. General requirements for documents. 5. Fees. 6. Official Valuers to make oath or affirmation of secrecy. 7. Copies of Valuation Rolls. 8. Notice of appeal. 9. Provision of information and production of documents. Valuation Regulation 1967 MADE under the Valuation Act 1967. Dated 200 . 1. FORMS. Where a provision of the Act or of this Regulation is specified in the first column of Schedule 1, the form set out in Schedule 2 the number of which is specified in the third column of Schedule 1 opposite that provision is prescribed as the form to be used for the purposes of that provision in relation to the matter or thing described in the second column of that Schedule opposite that provision. 2. PARTICULARS PRESCRIBED BY FORMS. Where a form prescribed by this Regulation requires completion by the insertion of, or the attachment to the form of a document containing particulars or other matters referred to in the form, those particulars or other matters are prescribed as the particulars or other matters required under the provision of the Act or of this Regulation for the purposes of which the form is prescribed. 3. DIRECTIONS IN FORMS. A form prescribed by this Regulation shall be completed in accordance with such directions as are specified in the form. 4. GENERAL REQUIREMENTS FOR DOCUMENTS. (1) Where a document is required to be given or served under Part IV of the Act or under this Regulation– (a) it shall be printed or hand-written in the English language and be clearly legible; and (b) where the document comprises two or more sheets, the sheets shall be bound together securely; and (c) subject to Subsection (2), the document and every page of the document shall be signed by the person who makes the document. (2) Where under Part IV of the Act or under this Regulation a document is required to be signed by a person who is blind or is unable to read or write the English language, it is sufficient if– (a) he fixes his mark to the document in the presence of a witness; and (b) the witness certifies in writing on the document, or on the reverse side of the document, that– (i) before the mark was made, the document was read over or explained to the marksman by the witness; and (ii) the marksman appeared to the witness fully to understand the nature and effect of the document. 5. FEES. The fees specified in Schedule 3 are the fees payable in respect of the respective matters set out in that Schedule. 6. OFFICIAL VALUERS TO MAKE OATH OR AFFIRMATION OF SECRECY. An Official Valuer or a person authorized under Section 5 of the Act to act as an Official Valuer shall, before proceeding to perform his duties or exercise his powers under the Act, take an oath or make an affirmation of secrecy in Form 17. 7. COPIES OF VALUATION ROLLS. (1) A Valuation Roll shall be made in triplicate. (2) One copy of each Valuation Roll or portion of a Valuation Roll that relates to an area for which a Local Government Council has been established shall be supplied by the Valuer General to the Council. 8. NOTICE OF APPEAL. A copy of a notice of appeal under Section 74 of the Act, against a decision of the Valuer General shall be forwarded to the Valuer General. 9. PROVISION OF INFORMATION AND PRODUCTION OF DOCUMENTS. A person who is required under Section 83 of the Act– (a) to give information; or (b) to produce books, papers, records or other writings, shall give the information or produce the books, papers, records or other writings within 48 hours of the service of the notice on him, or within such longer time as the Valuer General thinks reasonable, having regard to the nature and location of the information, books, papers, records or other writings required to be given or produced. SCHEDULE 1 – LIST OF FORMS. Reg., Sec. 1. Section of Act or Regulation. Description. Number of Form. Act, Sec. 20(3) Certificate of Registration 1 Act, Sec. 21 Application for registration as a valuer 2 Act, Sec. 21(3) Oath and affirmation of office of registered valuer 3 Act, Sec. 34 Application for re-registration as a valuer 4 Act, Sec. 53 Valuation Roll 5 Act, Secs. 60, 61 Application for a certificate of valuation or a certified copy of an extract of a Valuation Roll 6 Act, Sec. 60 Certified copy of particulars relating to the valuation of a parcel of land 7 Act, Sec. 63 Certificate of valuation 8 Act, Sec. 66 Valuation notice 9 Act, Sec. 68 Notice of an objection to a valuation 10 Act, Sec. 71 Notice of a decision on an objection 11 Act, Sec. 74 Notice of appeal 12 Act, Sec. 82(1) Notice of intention to enter, inspect 13 and examine Act, Sec. 83 Demand for information 14 Act, Sec. 84(1) Notice of change of ownership of land 15 Act, Sec. 84(2) Notice of subdivision of land 16 Reg., Sec. 6 Valuer’s oath and affirmation of secrecy 17 SCHEDULE 2 PAPUA NEW GUINEA. Valuation Act 1967. Form 1 – Certificate of Registration. Act, Sec. 20(3). Form 1. PAPUA NEW GUINEA. Valuation Act 1967. Form 2 – Application for Registration as a Valuer. Act, Sec. 21. Form 2. PAPUA NEW GUINEA. Valuation Act 1967. Form 3 – Oath and Affirmation of Office of Registered Valuer. Act, Sec. 21(3). Form 3. PAPUA NEW GUINEA. Valuation Act 1967. Form 4 – Application for Re-registration as a Valuer. Act, Sec. 34. Form 4. PAPUA NEW GUINEA. Valuation Act 1967. Form 5 – Valuation Roll. Act, Sec. 53. Form 5. PAPUA NEW GUINEA. Valuation Act 1967. Form 6 – Application for a Certificate of Valuation or a Certified Copy of a Valuation Roll or of a Portion of a Valuation Roll or of Particulars appearing in a Valuation Roll. Act, Secs. 60, 61. Form 6. PAPUA NEW GUINEA. Valuation Act 1967. Form 7 – Certified copy of Particulars Relating to the Valuation of a Parcel of Land. Act, Sec. 60. Form 7. PAPUA NEW GUINEA. Valuation Act 1967. Form 8 – Certificate of Valuation. Act, Sec. 63. Form 8. PAPUA NEW GUINEA. Valuation Act 1967. Form 9 – Valuation Notice. Act, Sec. 66. Form 9. PAPUA NEW GUINEA. Valuation Act 1967. Form 10 – Notice of Objection to Valuation. Act, Sec. 68. Form 10. PAPUA NEW GUINEA. Valuation Act 1967. Form 11 – Notice of Decision by the Valuer General. Act, Sec. 71. Form 11. PAPUA NEW GUINEA. Valuation Act 1967. Form 12 – Notice of Appeal. Act, Sec. 74. Form 12. PAPUA NEW GUINEA. Valuation Act 1967. Form 13 – Notice of Intention to Enter, Inspect and Examine. Act, Sec. 82(1). Form 13. PAPUA NEW GUINEA. Valuation Act 1967. Form 14 – Demand for Information. Act, Sec. 83. Form 14. PAPUA NEW GUINEA. Valuation Act 1967. Form 15 – Notice of Change of Ownership. Act, Sec. 84(1). Form 15. PAPUA NEW GUINEA. Valuation Act 1967. Form 16 – Notice of Subdivision. Act, Sec. 84(2). Form 16. PAPUA NEW GUINEA. Valuation Act 1967. Form 17 – Oath and Affirmation of Secrecy of Official Valuer. Reg., Sec. 6. Form 17. SCHEDULE 3 – [1]FEES. Reg., Sec. 5. http://www.paclii.org/pg/legis/consol act/vr1967218/#fn1#fn1 K 1. Alteration to the valuation of a parcel of land in Valuation Area during a periodic interval 2.00 2. Certified copy of particulars in Valuation Roll 2.00 3. Certified copy of Valuation Roll or portion of a Valuation Roll 2.00 4. Lodging objection to valuation 30.00 5. Valuations. (a) Where value of property does not exceed K5,000.00 30.00 For each additional K1,000.00 or part of K1,000.00 where value of property– exceeds K5,000.00 but does not exceed K20,000.00 4.00 exceeds K20,000.00 but does not exceed K50,000.00 3.50 exceeds K50,000.00 but does not exceed K100,000.00 3.00 exceeds K100,000.00 but does not exceed K500,000.00 2.50 exceeds K500,000.00 2.00 (b) Rental assessments based on gross annual rental value where value of rental does not exceed K1,000.00 60.00 For each additional K1,000.00 or part of K1,000.00 rental per annum where value of rental per annum– exceeds K1,000.00 but does not exceed K20,000.00 19.00 exceeds K20,000.00 but does not exceed K40,000.00 8.00 exceeds K40,000.00 6.00 (c) Acquisition and resumptions for statutory purposes and for the purposes of Subdivision IV.I.D of the Act where value of property does not exceed K5,000.00 223.00 For each additional K1,000.00 or part of K1,000.00 where value of property– exceeds K5,000.00 but does not exceed K50,000.00 4.00 exceeds K50,000.00 but does not exceed K100,000.00 3.00 exceeds K100,000.00 but does not exceed K500,000.00 2.50 exceeds K500,000.00 2.00 (d) Preparation of Certificate for each foolscap page 3.00 plus time expended for drafting plans per hour 20.00 6. Official Valuer’s Services. (a) Acting as arbitrator pursuant to a lease or a similar instrument, or as referee in a dispute between parties– for each half day or part engaged on hearings 190.00 time spent on arbitration at rate per hour or part hour 38.00 (b) Attendance at court, including waiting and all other work that may be incurred in preparation of a case– per half day or part half day 190.00 (c) When an Official Valuer’s services are required beyond a radius of 45km of a valuation office-travelling expenses or actual fares paid or if no fares paid per km each way over the most practical route 0.15 (d) Where an Official Valuer is required to produce evidence in support of a valuation, in addition to the valuation fee under Item 5-per half day or part half day 190.00 7. Miscellaneous Valuations. For valuation of plant, machinery, furniture and effects and livestock where the value of the goods– does not exceed K2,000.00 a minimum of K30.00 or 3% of the valuation, whichever is the greater of the valuation. exceeds K2,000.00 3% for the first K2,000.00 and 2% in excess of K2,000.00. Where the valuation of goods is made in conjunction with a valuation of land, the minimum fee of K30.00 does not apply in relation to the goods. 8. Fees payable to Valuer’s Registration Board. Application for registration as a valuer 5.00 Issue of Certificate of Registration 10.00 Application for re-registration as a valuer 10.00 9. Fees payable by Local Authorities. The fee payable by a Local Authority for each copy of a Valuation Roll under Section 53(3) of the Act is a sum calculated and payable in accordance with the following scale– For every valuation of rateable land 2.00 In addition to the amount calculated in accordance with this scale, the Local Authority shall pay annually during such period to the Valuer General in respect of the copy of the Valuation Roll a further sum equal to 20% of that amount. The Local Authority shall pay the fee to the Valuer General not later than 30 September in each year, or on such other day as the Valuer General directs. The minimum sum payable by a Local Authority in any one year is K300.00. 10. Transportation Expenses. The fee for the most practical direct route by motor vehicle from the Valuer’s headquarters to the property to be valued– per km each way 0.15 The cost under this item shall be apportioned pro rata where more than one valuation is undertaken on the same journey. 11. Travelling and Waiting Time. Travelling by the most practical route and necessary waiting time– per hour or part hour 11.00 Office of Legislative Counsel, PNG [1] Schedule 3 replaced by No. 24 of 1982. © 1998 University of the South Pacific http://www.paclii.org/pg/legis/consol act/vr1967218/#fnB1#fnB1