The API/PINZ Technical Information Paper (TIP) and Resource Pack (RP) – Valuations for Compensation and Compulsory Acquisitions has been released as an Exposure Draft and is now open for consultation and feedback. The Exposure Draft has been developed by the Australian Valuation Standards Committee (AVSC).

As part of the consultation process, Members and stakeholders are invited to provide suggestions and feedback on the draft document.

The purpose of this TIP is to provide a guide for Valuer Members who are instructed to prepare valuations for compensation purposes including pre-acquisition advice and any subsequent discussions, negotiations or representation as part of a Requiring Authorities/Acquiring Authorities acquisition process.

Valuations for compensation and compulsory acquisition purposes are commonly prepared for either the acquiring authority (Requiring Authority or Acquiring Authority or in some cases, private enterprise organisations under statutory provisions) or claimants (disposed owners).

The AVSC encourages Members and stakeholders to review the Exposure Draft TIP and RP and invite comment and feedback by no later than Wednesday 15 April 2020.  Feedback and comments can be provided to standards@api.org.au.

Please click here to access the Exposure Draft TIP for Valuations for Compensation and Compulsory Acquisitions.

Please click here to access the Exposure Draft Resource Pack for Valuations for Compensation and Compulsory Acquisitions.

For more information on Exposure Drafts, please visit our Exposure Drafts webpage.

Should you have any queries please do not hesitate to contact the Standards Team at standards@api.org.au.