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 Draft has been updated based on Member feedback in both Australia and New Zealand.
As part of the consultation process, Members and stakeholders are invited to provided comments and feedback on the draft document.
The purpose of this TIP is to provide advice to Valuers Members undertaking valuations of any rural or agribusiness property for any purpose.
Valuations of rural and agribusiness properties should only be undertaken by suitably qualified and experienced Valuers. The Valuers knowledge should extend to the agriculture production systems, market for the product, soils, environment and management employed to undertake such Rural and Agribusiness activities on the subject property.
The API encourages Members and stakeholders to review the Exposure Draft TIP and invite comment and feedback by no later than Friday 5 March 2021 to standards@api.org.au.
Please click here to access the Exposure Draft TIP Valuations of Rural and Agribusiness Properties.
Should you have any queries please contact the standards team at standards@api.org.au.
Posted on January 20, 2021
Related Posts
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…
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
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…