Valuation by registered valuers must be impartial, conflict-free and faces penalties for fraud or misconduct. Valuations under the Act must be made by a registered valuer appointed by the audit committee or board, who must provide an impartial, true and fair valuation, exercise due diligence, comply with prescribed rules, and avoid valuing assets where they have a direct or indirect interest during the three years before appointment or three years after the valuation.