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Standard, ANZVGN5 Valuations for Compulsory Acquisitions and ANZPS1 Valuations for Compulsory Acquisitions, which are withdrawn 31 December 2020.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 standards@api.org.au.