May 2011 e-News
May 2011 e-News
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May 10 2011
In this months issue of the API e-News:
- 7th International Plant & Machinery Conference
- Tax Breaks for Green Buildings Delayed
- New API Website
- API Annual General Meeting
- Future roperty Professionals (FPP)
7th International Plant & Machinery Conference
SAVE THE DATE, 18-21 September 2011, Bejing PRC
Dear Colleague,
I am delighted to confirm that arrangements are now being made for the next - the 7th! - ICVPME in Beijing, China on SUNDAY SEPTEMBER 18th TO WEDNESDAY 21st 2011.
Your conference committee is working on the details right now with support from the China Appraisal Society and the other three sponsor organisations, the ASA, API and RICS. The conference website (www.icvpme.org) has the new dates uploaded and we will let you know as soon as the brochure is published on line and the booking forms are available.
There will be opportunity to visit the Three Gorges Dam as an extra trip after the main conference.
This promises to be the best conference yet with participation from across China and, we hope, from our friends, colleagues and supporters across the globe.
I look forward to seeing you in Beijing!
With Best Wishes,
Peter Singleton
Chairman
Tax Breaks for Green Buildings Delayed
(Moore Stephens)
On 20 April 2011, the Government announced that it will delay proposed tax breaks for environmentally friendly improvements to green buildings.
The proposed scheme will now commence on 1 July 2012, 12 months later than originally proposed. The Government has indicated that it requires further time to consult with the industry. Exposure draft legislation is now expected to be released later in 2011, and the Government intends to introduce legislation towards the end of the year in order to give potential participants ample time to make submissions.
The announcement follows the Government's release of a consultation paper in January of this year that detailed the workings of the proposed one billion dollar scheme. This consultation paper provided that the tax break will be made available for investments in eligible assets or capital works to improve energy efficiency of existing buildings whose NABERS rating is consequently raised from 2 stars or lower to 4 stars or higher. The tax break is proposed to be in the form of a one-off bonus tax deduction of 50% of the cost of improvements.
New API Website
This week the Australian Property Institute launched its revolutionary & eagerly awaited website, www.api.org.au.
The new API web site is aimed at providing maximum user experience for its members and the public at large. One of the exciting new features is the websites interaction with Social Media, such as Twitter & Facebook.
The API has embraced Social Media as a communications tool, developed to increase the awareness & knowledge of the API and Property industry updates. The API is utilising Twitter as the first Social Media communications channel.
Twitter is a real-time information network that connects people to the latest information. Twitter will enable the API to connect with the Members, which will enable the API to quickly share information quickly. Add the API to your Twitter contacts, @AusPropertyInst.
API Annual General Meeting
By now all Members should have received an email the Notice for the 2011 Annual General Meeting of the Australian Property Institute (Inc.) which will be held on Thursday 26 May 2011, in the Chelmsford Room, Level 3, Tattersalls Club, 181 Elizabeth Street, Sydney, commencing 6.00pm.
A copy of the Notice of the AGM Notice of Business, Notice of Motions, Voting Forms and important information concerning voting eligibility are available from the Institute's website www.apui.org.au
All members are encouraged to attend where possible.
Future Property Professionals Program
The Future Professionals Program, developed by the Australian Property Institute (API), consists of a series of on-line modules designed to provide specific education and training on areas that are of high importance to property professionals.
Applicants seeking to sit the Professional Interview for Provisional Membership (RPV), Associate Membership or Associate Membership (Certification) will be required to complete the Future Professionals Program.
The requirement will become compulsory from 1 January 2012, and the program will be available on an optional basis in 2011. Modules completed on an optional basis in 2011 will be recognized as completed for 2012. Participants can commence the Future Professionals Program once they have successfully completed their academic qualification.