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News
As part of the 2020 YPP Committee nomination process, the following Members have been appointed to their respective state and territory YPP committees. They join those YPP committee members who…
News
Recognising risk is dynamic, the API Ltd Board has approved a move to annual risk management education from 2021. This means Members will have more frequent updates on risk in…
News
The Residential Valuation Industry Group (RVI Group) has prepared a revised version of the ABFI Residential Valuation Standing Instructions Version 2.2.2 (RVSI v2.2.2) which became effective from the 4th of…
News
Following the publication of IVS (effective 31 January 2020), the IVSC Standards Review Board and the IVSC Technical Boards have decided to publish an Agenda Consultation Invitation to Comment paper to consult with stakeholders and other interested parties…
News
Land Acquisition Amendment (Miscellaneous) Act 2019 Update The Land Acquisition (Miscellaneous) Amendment Act 2019 passed the South Australian Parliament in December last year, amending the existing Land Acquisition Act 1969. These…
News
Code of Professional Conduct The current API Code of Professional Conduct has been in place since June 2015. It is a public statement of the standards, principles, values and behaviours…
News
The API through its Australian Property Research and Education Fund has awarded the first round of research grants to three projects. These projects were selected from 26 applications across the…
News
The Victorian Government has announced that from 11:59pm on 27 October Metropolitan Melbourne moves to Third Step restrictions alongside regional Victoria. This means there are no restrictions on the reasons…
News
During 2020, a working group has consulted widely to review the current FPP content and topics. We are excited to announce that from January 2021, all candidates seeking to progress…
Member Alert
As we have done during the entire pandemic we are endeavouring to keep you as informed of developments as we are able to. Recently we have received a significant number…
News
The API has been made aware of a professional indemnity insurance (‘PII’) policy on the market, such as that covered in this article. Members may be aware of a recent…
PropertyPRO
The PropertyPRO Supporting Memorandum (PPSM) provides the basis upon which Members of the Australian Property Institute (API) provide valuations of ‘single residential properties’ for first mortgage purposes using the PropertyPRO ‘API Residential Valuation and Security Assessment Pro-forma Report’ (Report).…