Document ID: chunk:federal_register_of_legislation:F2024C01248:reg:3:p3
Version: federal_register_of_legislation:F2024C01248
Segment Type: reg
Provision Reference: reg 3 (pt 3/5)
Character Range: 27152–29920

(including a lot and plan number, title reference and the location of the property);
 (c) a full description of property other than real property;
 (d) the period for which the valuation is in force;
 (e) a statement of the valuation.
 (4) The certificate may include other information.
 (5) The Commissioner must not give a valuation certificate to the applicant until:
 (a) the valuation has been completed; and
 (b) the Commissioner has received the full amount of the charge payable for making the valuation.

Division 31—Conservation covenants

31‑15.01  Valuation of land
  For the purposes of section 31‑15 of the Act, this Division sets out:
 (a) the procedure for seeking a valuation from the Commissioner of the change in the market value of the land mentioned in that section; and
 (b) the amounts that the Commissioner may charge for making the valuation; and
 (c) arrangements for payment of those amounts.
Note: Section 31‑15 of the Act applies to a person who enters into a conservation covenant over land owned by the person, if the conditions mentioned in subsection 31‑5(2) of the Act are met.

31‑15.02  Application for valuation
  An application for a valuation must:
 (a) be in the approved form; and
 (b) be lodged with the Commissioner; and
 (c) include a copy of the conservation covenant; and
 (d) include the deposit towards the charge for making the valuation required by the approved form, which must not be more than $1,000.
Note: For approved form, see subsection 995‑1(1) of the Act.

31‑15.03  Charge for making valuation
 (1) The amount of the charge for making the valuation is an amount equal to the sum of the actual cost of the valuation and all other costs to the Commissioner in obtaining the valuation.
 (2) However, if the Commissioner starts the valuation but the application for the valuation is withdrawn or treated as having no effect under subsection 31‑15.06(2), the amount of the charge for making the valuation is an amount equal to the costs to the Commissioner in obtaining the incomplete valuation.

31‑15.04  Advance payment of charge
 (1) The Commissioner may give the applicant a written statement:
 (a) requiring the applicant to give the Commissioner an advance payment of the charge that may be payable for making the valuation; and
 (b) stating the amount of the payment; and
 (c) explaining how the amount was worked out.
 (2) The Commissioner may ask for more than one advance payment from the applicant under subsection (1).
 (3) The applicant must give the Commissioner the advance payment within 14 days after receiving the statement asking for the payment or within such longer period as the Commissioner allows.

31‑15.05  Commissioner not required to consider application until advance payment is paid