(1) The valuer-general must--
(a) make an annual valuation of all land in a local government area; and
(b) fix a valuation day for each annual valuation.
(2) If a valuation is required for more than 1 statutory purpose, an annual valuation must be made for each of them.
(3) Subsection (4) applies if the valuer-general--
(a) has made an annual valuation for a local government area; but
(b) has omitted to make a valuation of particular land in the area.
(4) Despite the omission, the valuer-general is taken to have made an annual valuation for all of the area.
Note--
See also section 81 (Valuation of land omitted from annual valuation).
(5) Subsection (1) is subject to section 74.