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 the previous Guidance Note and Practice Standard, ANZVGN5 Valuations for Compulsory Acquisitions and ANZPS1 Valuations for Compulsory Acquisitions, which are withdrawn 31 December 2020.
The objective of this TIP is to address circumstances whereby Valuer Members (Valuers) are instructed to prepare valuations for compensation purposes including pre-acquisition advice and any subsequent discussions, negotiation or representation as part of a Requiring Authorities/Acquiring Authorities acquisition process.
To download a copy of this TIP click here.
To download a copy of the Resource Pack, click here.
For any enquiries please email [email protected].
Posted on January 6, 2021
Related Posts

Guidance Paper released – APGP 402 Native Title Matters
The API is systematically reviewing its standards to meet the changing and future needs of Members. The API reviewed the paper Native Title Issues guidance paper and released an exposure…

IVSC Perspectives Paper: AVMs and Residential Valuations – invitation to provide feedback
The IVSC Tangible Assets Board recently published a Perspectives Paper – Automated Valuation Models and Residential Valuations. This paper follows on from the Agenda Consultation 2020 which highlighted Automatic Valuation…

Updated Residential Desktop Assessment Supporting Memorandum released
The API is focused on the future of the profession and is systematically reviewing its robust standards to respond to changing market conditions, property values, data set changes and capacity…

Guidance Paper released - AVGP 304 Rent Determinations
The API is systematically reviewing its standards to meet the changing and future needs of Members. The API have reviewed the feedback and comments received during the consultation period and…

Guidance Paper released - ANZPGP 201 Disclaimer Clauses and Qualification Statements
The API is systematically reviewing its standards to meet the changing and future needs of Members. The API and our PINZ colleagues in New Zealand have reviewed the feedback and…

Exposure Draft released – Native Title Matters
The API is focused on the future of the profession and is systematically reviewing its robust standards to meet the changing and future needs of its Members. The API have…