Landholders or people with an interest in the land being acquired may engage a valuer when negotiating the purchase with the acquiring authority or in the compulsory acquisition process.
- The valuer is required to be an independent expert.
- The valuer must act as an expert not as an advocate.
- The valuation must comply with professional standards.
- The valuation must be performed by a qualified valuer.
Valuation fees reasonably incurred by the former landholder in connection with compulsory acquisition form part of the compensation determined. The professional membership associations for valuers such as the Australian Property Institute, Australian Valuers Institute and Royal Institute of Chartered Surveyors can provide lists of qualified valuers.