Income Tax Assessment Act 1997
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-5
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RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS
Division 30
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Gifts or contributions
Subdivision 30-C
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Rules applying to particular gifts of property
Valuation requirements
SECTION 30-210 Approved valuers 30-210(1)
The *Arts Secretary may approve an individual as a valuer of a particular kind of property. The approval must be in writing, signed by the Secretary.
30-210(2)
The Secretary must, in deciding whether to approve an individual, have regard to:
(a) the individual's qualifications, experience and knowledge in valuing that kind of property; and
(b) the individual's knowledge of the current * GST inclusive market value of that kind of property; and
(c) the individual's standing in the professional community.
View history note
Hide history noteSECTION 30-210 Approved valuers 30-210(1)
The *Arts Secretary may approve an individual as a valuer of a particular kind of property. The approval must be in writing, signed by the Secretary.
30-210(2)
The Secretary must, in deciding whether to approve an individual, have regard to:
(a) the individual's qualifications, experience and knowledge in valuing that kind of property; and
(b) the individual's knowledge of the current * GST inclusive market value of that kind of property; and
(c) the individual's standing in the professional community.
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