(1)  On receipt of an objection under this Part, the Valuer-General must, with all reasonable despatch, consider the objection and make any necessary adjustments to any or all of the values shown in the valuation roll as he or she thinks fit.

(2)  On the determination of any such objection, the Valuer-General must give to the person by whom the objection was made notice, in writing, of his or her decision on the objection.

(3)  Where the Valuer-General amends the valuation, he or she must, in accordance with section 24 , enter the new valuation on the valuation roll and give the owner or relevant owners notice of the new valuation as provided in section 27(2) .

(4)  Within 30 days after receipt of a notice under subsection (2) , the person by whom the objection was made may, by notice in writing served on the Valuer-General, require him or her to refer the objection –

(a) whatever the amount of the valuation, to the court; or

(b) if the valuation objected to exceeds an amount prescribed by the regulations for capital value, land value or assessed annual value, to the Supreme Court.

(5)  Within 30 days after receipt of a notice under subsection (2) , the person by whom the objection was made may –

(a) with the agreement of the Valuer-General, refer the objection to the Supreme Court; or

(b) in the case of a municipal rating valuation, with the agreement of the Valuer-General, refer the objection to an arbitrator.

(6)  The Valuer-General and the person making the objection may agree that the objection is to be referred to arbitration on such terms and conditions as may be agreed including, without limitation –

(a) the appointment of an arbitrator; and

(b) whether the decision of the arbitrator is to be final; and

(c) the representation of the parties; and

(d) the costs of the arbitration; and

(e) security for costs of the arbitrator.

(7)  Subject to subsections (8) and (9) , failure to require the Valuer-General to refer an objection to a court within the time prescribed in subsection (4) is taken to be acceptance of the Valuer-General's decision.

(8)  The court may extend the time within which the Valuer-General may be required to refer an objection to a court either before or after the expiration of that time on such terms, if any, as the court may think fit to impose.

(9)  In cases in which the court may extend the time under subsection (8) , the Valuer-General may extend time unconditionally.