In October 2017, the Australian Property Institute (API) and the Royal Institution of Chartered Surveyors (RICS) agreed to the terms of a Strategic Alliance (Alliance) to advance professional standards and opportunities in Australia’s property industry. On 21 December 2017, the API and RICS signed agreements giving formal effect to these terms.
The API and RICS are working closely to enable smooth operational alignment and future implementation of the Alliance going forward. We will communicate the impact and benefits of the Alliance, as well as any changes to existing compliance requirements in due course.
The principles of the Alliance aim to ensure a robust regulatory and standards regime, improve professionalism, foster trust in the market and increase market confidence. For these reasons, this is a priority project that the API and RICS look forward to collaborating on.
A formal Strategic Alliance (Alliance) has been agreed between the Australian Property Institute (API) and the Royal Institution of Chartered Surveyors (RICS).
The Alliance brings together the individual strengths of API and RICS to create a world leading professional framework in Australia. API brings its local knowledge and coverage and RICS its global standards and assurance regimes.
This page brings together all the information that API Members will need to understand this important Alliance and what is means for Members of the Australian Property Institute.
- A New Era for the Property Profession in Australia
25 October 2017