News
Public Review of Strata Schemes
The NSW Government is extending public consultation on the statutory review of the Strata Schemes Management Act 2015 and Strata Schemes Development Act 2015. The closing date for submissions has…
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News
Standards
IVSC Exposure Draft released – IVS Additional Technical Revisions (2021) - Invitation to provide feedback
The IVSC has recently published targeted revisions to IVS based on feedback received since the release of the IVS effective 31 January 2020. In keeping with its commitment to a…
Member Alert
New Rules of Professional Conduct Effective Date Postponed from 28 February to 4 April 2021
In October 2020, the API announced that the new Rules of Professional Conduct (Rules) would come into effective on 28 February 2021. As a result of recent, important member feedback…
Standards
Exposure Draft open for comment – Valuations of Rural and Agribusiness Properties
The API Standards Steering Committee has approved an updated version of the Technical Information Paper (TIP) – ANZVTIP 9 Valuations of Rural and Agribusiness Properties to be released as an Exposure Draft for consultation and feedback. The Exposure…
Standards
IVSC Perspectives Paper: Challenges to Market Value
The IVSC’s Tangible Assets Board has recently published a Perspectives Paper: Challenges to Market Value after receiving feedback that in some markets there is an increasing difference between Price and Value. Whilst quantifying this…
Standards
Exposure Draft open for comment – Valuations of Rural and Agribusiness Properties
The API Standards Steering Committee has approved an updated version of the Technical Information Paper (TIP) – ANZVTIP 9 Valuations of Rural and Agribusiness Properties to be released as an Exposure Draft for consultation and feedback. The Exposure…
Standards
TIP published – ANZVTIP 13: Valuations for Compensation and Compulsory Acquisitions
The API Standards Steering Committee (SSC) has approved the release of a new TIP (ANZTIP13) Valuations for Compensation and Compulsory Acquisition and Resource Pack which is effective from 1 January 2021. This paper is an update to and replaces…
Standards
International Property Measurement Standards (IPMS): All Building Asset Classes Consultation Document
Developed by a coalition of more than 85 professional organisations, including the API, from around the world, IPMS for All Building Asset Classes aims to establish, for the first time, a globally consistent and transparent…
News
Professional Indemnity Insurance and Development Mortgage Valuations
Members must note industry brokers and insurers that the condition of the PII market is currently in a ‘hard market cycle’ (i.e. reduced capacity, conditions are challenging). We understand that this challenging…
Standards
United Nations adopts International Fire Safety Standards
As recently reported in the Australian Property Journal, the United Nations (UN) has formally adopted the International Fire Standards Common Principles (IFSS-CP) as a global standard. The IFSS-CP purpose is…
Standards
Two (2) Technical Information Papers published
The API Standards Steering Committee has approved the release of the following Technical Information Papers (TIPs). 1. Technical Information Paper (ANZVTIP13) – Valuations for Compensation and Compulsory Acquisition and Resource Pack released The API…
News
IVSC Agenda Consultation 2020
Following the publication of IVS (effective 31 January 2020), the IVSC Standards Review Board and the IVSC Technical Boards have decided to publish an Agenda Consultation Invitation to Comment paper to consult with stakeholders and other interested parties…