The API presents our Specialist Water Valuer Professional Certificate.

Please click the links below or scroll for more information:

You are invited to partake in our Specialist Water Valuer Professional Certficate course which covers the history, politics and practicalities of the valuation of water as a separate asset.

Rural valuations are already a specialist area of practice, only made more so with the complex issues of water property rights and the valuation of irrigated land. Since the advent of the ‘unbundling’ of water and land, there are several entirely new asset classes, such as water shares, delivery shares, and water use licences.

This Professional Certificate is a blended-learning program that provides the specialist water-based education component to prepare participants for application for accreditation as Specialist Water Valuers, being Valuers with expert water knowledge and experience.

NB: This course is open to all interested participants, however only those who already hold Certified Practising Valuer status will be able to apply for accreditation following completion of the course. 

Learning Outcomes

1.Explain the history, politics and practicalities of the valuation of water as a separate asset
2.Demonstrate water asset valuation expertise relevant to your jurisdiction of:
  • Regulated and unregulated systems
  • Groundwater
  • Sustainability
  • Trading rules and zones
3.Exhibit practical water valuation techniques


Part 1
Introduction to Specialist Water Valuation

Format: Pre-workshop online module (2.5 CPD points)

  • Introduction to Water Rights and Trading in Australia
  • Water Rights in your jurisdiction
  • Case studies
  • Murray Darling Basin
  • Introduction to Water Broking
  • Resources
  • Quiz

Part 2
Specialist Water Valuation

Format: Face-to-Face Workshop (6 CPD points)

  • Introduction & Overview
  • Modelling water values
  • Market mega-trends (government policy – Murray Darling Basin Plan)
  • New water instruments
  • Market trends – supply & demand pressures between commodity types & irrigation districts
  • Corporate activity in water as an asset class
  • Panel – Overview of emerging trends and issues: state by state

Part 3
Post Workshop Assessment  

Format: Online Module (1 CPD point)

  • Overview/Refresher of introduction and workshop
  • Assessment Quiz
  • Resources

Speakers - Victorian Workshop 7 February 2019

  • David McKenzie, Director, Opteon Property Group
  • Mike Jensz, Senior Policy Advisor, Department of Environment, Land, Water and Planning
  • Andrew Shields, Manager River Operations Planning, Goulburn Murray Water
  • Daryl Poole, Associate, RMCG
  • Ed Peter, Group Chairman, Duxton Asset Management
  • Matt Bryant, Water Business Development Manager, Kilter Rural
  • Chris Olszak, Partner, Aither
  • Simon Eishold, Director, Eishold Property
Read more about the Presenters
David McKenzie

David McKenzie 
Director, Opteon Property Group

David has been a qualified valuer for 28 years, and has been based in Shepparton for 25 years.

David commenced work as a cadet with the Valuer Generals office in 1988, then moved back home to the Goulburn Valley to work with Peter Hann in 1990.

David & Peter are still in partnership, and with 3 other Directors, now have a staff of 45, based mostly in northern Victoria.

David has a long history in the Victorian water sector, having served as a Director of Goulburn Valley Water between 2008 and 2013, Chair of North East Water in 2013-2018, and has recently been appointed to the Board of Goulburn Murray Water. He is also co-Chair of the GMID Water Leadership Forum, an influential water policy think tank.

David is also Chair of the statewide Regional Development Advisory Committee, which provides policy advice to the Victorian Minister for Regional Development.

Mike Jensz

Mike Jensz
Senior Policy Advisor, Department of Environment, Land, Water and Planning

Andrew Shields

Andrew Shields
Manager River Operations Planning, Goulburn Murray Water

Andrew Shields is Manager River Operations Planning at Goulburn-Murray Water. Andrew is an environmental engineer and environmental scientist. Andrew has over 12 years of experience in water resource management and leads the Goulburn-Murray Water team responsible for assessing water availability in all regulated water systems across northern Victoria, flood operations and environmental water delivery.

Daryl Poole

Daryl Poole
Associate, RMCG

Daryl has more than 20 years’ experience in irrigation, dairy farm management, project management, extension, reclaimed water re-use, practical irrigation farming and farm management, agricultural industry benchmarking.  He works with individual farming businesses to help them achieve their business goals.  

Daryl is an Associate of RMCG which is an agricultural, environmental and business consultancy based in Bendigo with offices in Melbourne Torquay and Tasmania.

Daryl along with his RMCG colleagues has been involved in socio-economic and environmental aspects of the “southern connected basin” within the Murray Darling Basin. He brings a in depth understanding of the issues and how seasonal allocations, commodity outlooks, and competition between different districts influence market prices.

Ed Peter

Ed Peter
Group Chairman, Duxton Asset Management

Ed Peter is the co-founder and Chairman of Duxton Asset Management (“Duxton”) and is currently chairing the boards of two ASX listed entities for Duxton; Duxton Water and Duxton Broadacre Farms. Prior to forming Duxton in 2009, Ed was Head of Deutsche Asset Management Asia Pacific (“DeAM Asia”), Middle East & North Africa. He was also a member of the Deutsche Bank’s (DB) Group Equity Operating Committee and Asset Management Operating Committee.

Ed joined DB in 1999 as Head of Equities and Branch Manager of DB Switzerland. In March 2001, Ed moved to Hong Kong with Deutsche Bank and was appointed Head of Global Equities for Asia and Australia, becoming responsible for all of Global Emerging Markets Equities in the beginning of 2003. In November 2004, Ed became Head of Asian and Emerging Market Equities for the new Global Markets Division.

Ed holds a Bachelor’s Degree in English Literature from Carleton College in Northfield, Minnesota. Ed’s first foray into Agricultural investing was in 1999 and he remains passionately interested in Agriculture today. He is on the University of Adelaide’s Agribusiness Advisory Board.

Matt Bryant

Matt Bryant
Water Business Development Manager, Kilter Rural

Matt grew up on a mixed sheep and cropping 1,650Ha family farm in central Victoria.

He has an Honours degree in Mechanical Engineering as well as a graduate diploma in business administration.

He is currently completing a graduate diploma in asset management.

Matt has a strong business development background combined with commercial and technical experience in both the water and agricultural sectors. He has had management oversight in the operation of the Goldfields Superpipe at well as for water treatment and network distribution of urban water supplies at Coliban Water. Matt has provided business consultancy services to multiple agricultural industries, CEO of a health-related patient transport organization and been co-founder of multiple successful technology start-up companies.

Matt is currently employed by Kilter Rural as their Water Business Development Manager where he manages on behalf of investors over $300 Mil of water entitlement in the Southern Murray Darling Basin irrigation area.

Chris Olszak

Chris Olszak
Partner, Aither

Chris Olszak is an economist who specialises in water. He co-founded Aither in 2012 after previously working with Frontier Economics and URS. Chris’ primary skills are in public policy, economic evaluation, pricing and regulation, and water market design and analysis. He combines these skills with in-depth technical, policy and regulatory knowledge of water management and markets in Australia. Chris’ strengths as a consultant lie in his exceptional analytical skills and knowledge and his ability to led complex and sensitive engagements.

Chris is a recognised expert in Australian water markets, having spent more than a decade leading and undertaking engagements for governments, regulators, market participants, banks and investors.

He leads Aither’s water markets practice – including the development of Aither’s bespoke water market models and independent Water Markets Report. Chris is regularly sought after to speak publicly on water market policy, trends and drivers.

Chris has recently directed water markets and policy engagements with the NSW Government, Victorian Government, Melbourne Water, Dairy Australia, Southern Rural Water, as well as a range of financial institutions and market participants.

Previously, Chris has provided due diligence advice to inform the successful purchase of a large water entitlements portfolio in the southern Murray Darling Basin.

Throughout the late 2000’s, Chris was the lead author of the National Water Commission’s assessments of the Impacts of water trading in the southern MDB which provided him with a unique insight into irrigation industries and communities, and their publication Water markets in Australia: a short history which traced the emergence and development of water markets over many decades.

Simon Eishold

Simon Eishold
Director, Eishold Property


Full Course (9.5 CPD)

If you have not completed the Specialist Water Valuer course before you will need to complete all 3 sections of the program.  (CPV participants will then have the option to apply for accreditation to be awarded the title of Specialist Water Valuer – details on this will be provided at the workshops and within the online assessment module)

Click here to enrol in the full course - Victorian Workshop 7 February 2019

Workshops for other states are being scheduled for 2019.  Please complete the form below to register your interest.


Refresher (6 CPD) 

-Current Specialist Water Valuers Only

As the refresher course for Specialist Water Valuer has not been run since 2014, those who have completed the course in the past are required to complete 

Part 2: Specialist Water Valuation Face-to-Face Workshop as a refresher if they wish to continue to be listed as a Specialist Water Valuer.

Click here to enrol in the Refresher - Victorian Workshop 7 February 2019

Introduction Only (2.5 CPD)

You can complete the Introduction to Specialist Water Valuation online module as a standalone CPD activity or as part of the full course.  This may be to become familiar with the process of water valuation or to decide if you then want to go on and do the full professional certificate course and/or accreditation.

Please click here to enrol into the Online Introduction only


Full Certificate - Specialist Water Valuer Application

To gain the full professional certificate, you need to complete all 3 sections program and then apply for accreditation as a Specialist Water Valuer. Details on this will be provided at the workshops

If you have any questions, please contact us at


Expression of Interest

Please let us know if you are interested in the Part 2 workshop for the Specialist Water Valuer being held in your jurisdiction: