1Short titleThis regulation may be cited as the Valuers Registration Amendment Regulation 2025.2Regulation amendedThis regulation amends the Valuers Registration Regulation 2024.3Amendment of s 5 (Code of professional conduct)(1)Section 5(1)(b)—omit, insert—

(b)if the board approves a document for inclusion in the code—the approved document.

(2)Section 5(2), ‘subsection (1)(b)(i) or (ii),’—omit, insert—subsection (1)(b),(3)Section 5(3)(c)(ii)—omit, insert—

(ii)the version number or other identifying information for the document; and

(iii)the day on which the document takes effect as part of the code.

(4)Section 5—insert—(3A)For subsection (3)(c)(iii), the day stated in the notice must be—

(a)for a document published by the Australian Property Institute—at least 5 days after the day the notice is given; or

(b)for another document—at least 30 days after the day the notice is given.

(5)Section 5(5)—omit.(6)Section 5(3A) and (4)—renumber as section 5(4) and (5).4Amendment of pt 5, hdg (Repeal)Part 5, heading, after ‘Repeal’—insert—and transitional provision5Insertion of new pt 5, div 1, hdgBefore section 7—insert—Division 1Repeal6Insertion of new pt 5, div 2Part 5—insert—Division 2Transitional provision for Valuers Registration Amendment Regulation 20258API rules continue to have effect as part of code of professional conduct(1)This section applies until a document, approved by the board under new section 5(1)(b), takes effect as part of the code of professional conduct for valuers.(2)Despite the repeal of former section 5(1)(b)(ii), the API rules continue to have effect as part of the code of professional conduct for valuers.(3)Also, former section 5(2) continues to apply as if the reference in the provision to a document mentioned in subsection (1)(b)(i) or (ii) were a reference to the API rules.(4)In this section—API rules means the document called ‘Rules of Professional Conduct’ published by the Australian Property Institute with an effective date of 31 March 2024.Note—The API rules are available on the Australian Property Institute’s website.former, in relation to a provision of this regulation, means the provision as in force immediately before the commencement.new, in relation to a provision of this regulation, means the provision as in force from the commencement.