Executive Forum: "Compensation Assessment" Instructions for Valuers (N170719)
The API's Technical Information Papers (TIPs) combined with the Court standards for the preparation for expert evidence require the person undertaking the compensation assessment to set out in a factual and dispassionate manner the physical details of the subject of the compulsory acquisition, together with the basis of the compensation assessment. Such tasks are to be undertaken solely to inform the Court so that it can determine the matter at hand, however often instructions provided by solicitors acting for the acquiring authority or the dispossessed owner require the report to be focused in a certain manner. Whilst the duty of the Court is paramount, it is broadly accepted that solicitors' instructions can place the person preparing the compensation assessment in a position possibly at variance with the responsibility to the Court.
This seminar will explore how this tension is resolved. Join us as our panel of experts consider this crucial challenge.
Professor John Sheehan LFAPI will act as moderator for the forum.
This event is relevant for valuers, property lawyers, developers, development advisors, Local and State Government agencies and property advisors.
Barrister, Martin Place Chambers
Janet McKelvey is a barrister at Martin Place Chambers. She was formely a Senior Associate at Henry Davis York Lawyers. She has acted for Roads and Martime Services, RailCorp, TransGrid and Transport for NSW in relation to compulsory acquisition matters.
Director, Dempsey Valuation and Advisory
Peter provides independent expert advice in relation to real estate advisory and dispute matters relating to assessment of the value of real estate assets. Peter acts as an expert witness in litigation matters, including those involving the Land Acqusition (Just Terms Compensation) Act 1991 that involve valuation principles across a range of real estate types within his expertise knowledge and experience. Another key focus area is the commercial office sector and in particular the Sydney CBD where Peter provides valuation and independent advice in relation to rent reviews, rental determination and capital values. Peter also presents lectures to students in valuation principles, the rent review and determination process, and compulsory acqusition in courses conducted by NSW University, UTS and the PCA.
|API Student Members||$84|
Full attendance at this event accrues 2 CPD points.
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