Minister for Innovation and Better Regulation Victor Dominello will today introduce a ‘spring clean’ bill to repeal 30 outdated and obsolete laws from the statute books, as part of the NSW Government’s ongoing commitment to
reduce red tape and unnecessary regulation.
“The bill will include the repeal of the Valuers Act 2003 which will see the deregulation of the valuing industry in NSW and will remove the need for government controlled licenses, reducing the burden of registration fees by over $800,000 per year,” Mr Dominello said.
“The government has acted on IPART’s recommendation to abolish licensing for valuers – bringing us in line with a number of other jurisdictions, including Victoria, which have removed licensing for valuers.
“This change will benefit more than 3,000 professional valuers in NSW who are currently required to pay the government a registration fee of $885 to obtain a three year licence and a renewal fee of $747 every three years following to maintain their licence.”
Other repeals include the:
- Land Acquisition (Charitable Institutions) Act 1946: allows the government to compulsorily acquire land for philanthropic purposes on behalf of charitable institutions. The act represents an unnecessary infringement on property rights.
- West Scholarships Act 1930: established a trust offering modest scholarships to student in the Cooma-Bega area. Only $33,500 remains in the fund and it costs more per year to administer the trust than is in the trust itself.
- Sydney Entertainment Centre Act 1980: The Sydney Entertainment Centre will be demolished in December 2015 as part of the transformation of Darling Harbour.
The bill also includes the repeal of the Transfer of Records Act 1923 and the University of Sydney (Law School Site) Act 1967. The full list of Acts contained in the Bill is available at www.finance.nsw.gov.au.