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Historical information regarding the APIV Limitation of Liability Scheme
The Australian Property Institute Valuers Limited (“APIV”) Limitation of Liability Scheme (“Scheme”) is a statutory scheme, established under the Professional Standards Legislation and enforced by the courts.
It acts to “cap” the amount of damages that can be awarded against a participating member in respect of their occupational liability if the member complies with various compliance requirements.
The section of the website entitled "Historical Scheme Information" and its subpages relates to the Scheme which commenced on 1 September 2010 and was replaced by the current Scheme on 1 September 2016.