The API is systematically reviewing its standards to meet the changing and future needs of Members. 

The API has undertaken a review of APGP403 Land Contamination Issues and produced an updated guidance paper ANZVGP 115 Contamination Issues – Real Property. 

The comprehensive review has resulted in an updated paper for use by Members including Valuers providing professional services relating to real property which is contaminated or for which the contamination status is unknown or uncertain. 

The purpose of this guidance paper is to outline information, issues and approaches relating to contamination issues impacting and affecting real property assets, including, but not limited to: 

  • the existence and effect of contamination; 
  • the current interpretation of the law; 
  • the effect of legislation; 

The API is pleased to release the updated paper as an Exposure Draft for review and consultation. 

Members and stakeholders are encouraged to provide comments on the exposure draft paper using the link provided here by no later than Friday 30 September 2022. 

Any queries, please contact the standards team at [email protected]