(1) The * Arts Secretary may approve an individual as a valuer of a particular kind of property. The approval must be in writing, signed by the Secretary.
(2) The Secretary must, in deciding whether to approve an individual, have regard to:
(a) the individual's qualifications, experience and knowledge in valuing that kind of property; and
(b) the individual's knowledge of the current * GST inclusive market value of that kind of property; and
(c) the individual's standing in the professional community.