Certified Practising Valuer (Plant and Machinery)
A Certified Practising Valuer (Plant and Machinery) is a person who, by education, training and experience is qualified to perform a valuation of plant and machinery.
Certified Practising Valuer (Plant and Machinery) must be applied for in conjunction with Associate Membership. All applicants for Associate Membership with Certified Practising Valuer (Plant and Machinery) are required to meet the API’s Educational and Experience requirements and provide work samples for review and sit a professional interview.
|Educational||All applicants must meet the API’s academic entry criteria|
|Experience||All applicants must have at least two years of full time or equivalent property experience in plant and machinery valuation achieved within the four years immediately prior to the date of application|
|Competence||All applicants are required to sit for and successful pass a Professional Interview|
|Future Property Professionals (FPP)||Applicants for this certification are required to complete the Future Property Professionals Program|
Associate Members are identified by the post-nominal AAPI. A Certified Practising Valuer (Plant and Machinery) is also entitled to use their certification of Certified Practising Valuer (Plant and Machinery).
Associate Members receive unrestricted access to the Institute’s full range of services including member rates on all of our professional development and networking events.
Applicants with existing membership of an organisation which has a reciprocity agreement with the API may have a shortened pathway to membership. For more information, please visit our Membership via Reciprocity page.
What documents will you need to complete your application?
|A copy of your official Academic Transcript which shows your course completion.|
|Three Referees are required. Each of your Referees will need to complete a Referee Report which can either be returned direct to the API or to the applicant to submit with their application. Referee Reports must be dated within the three months prior to the date of application.|
|a.||Three valuation reports are to be submitted by applicants.|
|b.||Each valuation report must have been completed within the six months prior to the date of application.|
|c.||Confidential information can be removed from the work samples, however, please note that all information supplied is treated confidentially by the API and its examiners.|
|d.||At a minimum, the three reports must demonstrate differing valuation methodologies and industries (e.g. market comparison approach, income approach, cost approach (including DRC)).|
|e.||If the required reports or files cannot be supplied from the applicant's recent work, then the applicant may be required to prepare these documents.|
|f.||Work samples are required to be uploaded during the application process. Please upload your work samples as pdf files. Hard copy work samples are not required.|
|g.||Each work sample must include a Letter of Certification signed by the applicant and the supervisor. (This letter can be found below under the Resources heading). The letter must state:|
|i.||the address of the property|
|ii.||the level of involvement by the applicant in the creation of the work sample|
|iii.||that the work sample was completed in accordance with the Australian and New Zealand Valuation and Property Standards.|
|Applicants must log at least two years of experience relevant to the Certification being applied for. A new Experience Journal needs to be commenced when your supervisor changes or each quarter, whichever comes first. Applicants are required to record valuation/task/job from the most recently undertaken and work backwards to cover the required experience period.|
|5.||Future Property Professional|
|Applicant must have completed the Future Property Professionals program to the Associate Membership level.|
What steps are involved in applying for Associate Membership?
|1.||Click Apply Now (below).|
|2.||Add the Associate Application to your Cart on the following screen.|
|3.||Once you have completed any other purchases you may wish to make, go to your Cart and Checkout.|
|4.||Open My Portal where the steps required to complete your Associate application will appear, including:|
|a.||Supplying information related to your application|
|5.||Once all of the steps listed in your My Portal have been completed, submit your application.|
|6.||The API will contact you with further information detailing the remaining steps, including your Professional Interview, once a review of your application has been completed.|
To apply online for Associate Membership with Certified Practising Valuer (Plant and Machinery), please click Apply Now.
Remember to return to your My Portal after purchasing your Application and making payment to complete your application
- Step by step guide to completing your application
- About the Professional Interview
- Academic Entry Criteria
- Experience Journal template for Associate Membership with Certified Practising Valuer (Plant and Machinery) (Excel)
- Frequently Asked Questions on Membership
- Future Property Professional Program
- Letter of Certification template
- List of Accredited Courses
- Associate Membership (Plant and Machinery) Explanatory Notes
- Referee Report template for Associate Membership