International Valuation Standards
|For API Members: to register for access to this service please complete the form located here.|
For property professionals in Australia there has been an increasing shift towards International Valuation Standards (IVS). The International Valuation Standards Council (IVSC) is an independent, not-for-profit organisation that produces and implements universally accepted standards for the valuation of assets across the world in the public interest. The IVSC has developed a set of IVS for many types of assets, including real estate, plant and equipment, intangible assets and businesses. International users and providers of valuation services recognise the need for a global approach to valuations and are demanding conformity with IVS.
The Australian Property Institute became an inaugural member of the IVSC in 1981 and continues its membership today. API Members have a mandatory compliance requirement in relation to IVS.
International Valuation Standards 2017
IVS 2017 is the latest version of the standards with an effective date of 1 July 2017. Early adoption of these standards is allowed.
IVS 2017 are arranged as follows:
The IVS Framework
IVS General Standards
- IVS 101 Scope of Work
- IVS 102 Investigations and Compliance
- IVS 103 Reporting
- IVS 104 Bases of Value
- IVS 105 Valuation Approaches and Methods
IVS Asset Standards
- IVS 200 Business and Business Interests
- IVS 210 Intangible Assets
- IVS 300 Plant and Equipment
- IVS 400 Real Property Interests
- IVS 410 Development Property
- IVS 500 Financial Instruments
All valuations prepared in compliance with IVS 2017 must conform to the principles and procedures elaborated throughout the entire document (unless contrary to Australian law or practice).
Access to the International Valuation Standards
As part of our service to Members, current API members can access the IVS2017 and IVS2013.
To gain access to this please complete the form located here.
Once you are registered access to the IVS is through the learning portal via My Portal on the API website.
Access to IVSOnline website is no longer available to via the API website. However, if members wish to subscribe to the service they can do so at https://www.ivsonline.org/