Section 4

by deleting the definition of “estate agency practice”;

by substituting for the definition of “Register” the following definition:

‘ “Register” means the Register of Valuers, Appraisers,

Estate Agents and Property Managers kept under paragraph 14(1)(a);’;

by substituting for the definition of “Register of

Probationary Valuers/Probationary Estate Agents” the following definition:

‘ “Register of Probationers” means the Register of Probationary Valuers, Probationary Estate Agents and Probationary Property Managers kept under paragraph 14(1)(b);’;

in the definition of “probationary estate agent”, by substituting for the words “Register of Probationary

Valuers/Probationary Estate Agents” the words “Register of Probationers”;

in the definition of “Fund”, by substituting for the words

“Board of Valuers, Appraisers and Estate Agents” the words “Board of Valuers, Appraisers, Estate Agents and

Property Managers”;

by substituting for the definition of “Board” the following definition:

‘ “Board” means the Board of Valuers, Appraisers,

Estate Agents and Property Managers established under section 9;’;

by substituting for the definition of “applicant” the following definition:

‘ “applicant” means an individual registered valuer, appraiser, estate agent or property manager, or a registered valuation, appraisal, estate agency or property management firm, as the case may be;’;

Valuers, Appraisers and Estate Agents (Amendment)

by substituting for the definition of “Registrar” the following definition:

‘ “Registrar” means the Registrar of the Board of Valuers, Appraisers, Estate Agents and Property

Managers appointed under section 15.”;

in the definition of “property manager”, by deleting the words “to maintain or increase the investment in, or physical worth of, such property”;

by inserting after the definition of “registered estate agent”

the following definition:

‘ “registered property manager” means a person whose name has been entered under Part IV of the

Register and to whom an authority to practise has been issued by the Board under section 16;’;

by inserting after the definition of “probationary estate agent” the following definition:

‘ “probationary property manager” means a person who is registered under this Act as a probationary property manager and whose name has been placed in the Register of Probationers;’;

by substituting for the definition of “property management”

the following definition:

‘ “property management” means the management and control of any land, building and any interest in the land or building, excluding the management of property-based businesses, on behalf of the owner for a fee;’; and

in the definition of “probationary valuer”, by substituting for the words “Register of Probationary Valuers/Probationary

Estate Agents” the words “Register of Probationers”.

Amendment of heading of Part III