INCOME TAX ASSESSMENT REGULATIONS 1997

PART 2 - LIABILITY RULES OF GENERAL APPLICATION  

Division 30 - Valuation of particular gifts of property  

REGULATION 30-212.12   VALUATION CERTIFICATES  

30-212.12(1)  
If the Commissioner completes a valuation, the Commissioner must give a valuation certificate to the applicant for the valuation.

30-212.12(2)  
The Commissioner must approve, in writing, 1 or more forms of a certificate.

30-212.12(3)  
The certificate must include the following information:


(a) the date on which the valuation was completed;


(b) a description of any real property (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.

30-212.12(4)  
The certificate may include other information.

30-212.12(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 fees payable for the valuation.




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