Valuation conduct: registered valuers must follow standards, disclose third party inputs, and retain primary liability for valuations. Rule 8 requires a registered valuer to comply with applicable valuation standards (international or those of a registered valuers organisation until central standards are notified), allows reliance on inputs or separate valuations from another registered valuer subject to full disclosure, and places primary liability on the commissioning valuer; it mandates specific report contents including identity, purpose, dates, procedures, sources, factors considered, conclusions, and caveats that do not limit responsibility.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Valuation conduct: registered valuers must follow standards, disclose third party inputs, and retain primary liability for valuations.
Rule 8 requires a registered valuer to comply with applicable valuation standards (international or those of a registered valuers organisation until central standards are notified), allows reliance on inputs or separate valuations from another registered valuer subject to full disclosure, and places primary liability on the commissioning valuer; it mandates specific report contents including identity, purpose, dates, procedures, sources, factors considered, conclusions, and caveats that do not limit responsibility.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
