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PARLIAMENT PASSES THE VALUERS (AMENDMENT) BILL 2016

FRIDAY 29TH APRIL 2016

Parliament has passed the Valuers ( Amendment) Bill 2016 on Thursday the 28th of April 2016.

The Bill was an Act to amend the Valuers Act 2009.
It amended clause 4 to clause 17 by making amendments to meet the major objectives of this Bill, which is to:

a) Reform the membership of the Valuers Board,
b) Limit registration of Valuers to only Solomon Islands citizens,
c) Impose additional qualification requirements for temporary registration of valuers,
d) Widen the scope for applicants to appeal decisions (or failure to make decisions), and
e) Improve the functioning of the Valuers Board.

The Valuers Act was enacted in 2009, to provide a statutory framework for the registration and licensing of valuers in Solomon Islands.

This was the first time in Solomon Islands that this profession was legally regulated.

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