Code of Professional Conduct
The API Code of Professional Conduct (Code) is effective from 15 June 2015.
It is a public statement of the principles, values and behaviour expected of Members of the Australian Property Institute Limited (API), as determined by the Board.
The purpose of the Code is to ensure that high standards of corporate and individual behaviour are observed by all Members.
The Code does not attempt to provide a detailed or exhaustive list of what to do in every situation. Instead, the Code represents a framework for professional conduct and aims to provide assistance and clarification to Members and those who interact and engage the professional services of Members.
Every Member of the API must comply with the Code. A breach of the Code may constitute professional misconduct which may be investigated by the API in accordance with the complaints procedures under the API policies.
A copy of the current Code of Professional Conduct is available here.
New Rules of Professional Conduct
In 2020, a new Code of Ethics was introduced, which sets out the five fundamental, guiding ethical principles that all Members must abide by.
The review of the Code of Professional Conduct has now been finalised and approved. The aim of the review was two-fold, to ensure it:
- provided greater assistance to Members about how to undertake professional services in an ethical and professional manner; and
- complements the Code of Ethics.
As a result of the review, the Code of Professional Conduct has been renamed and reclassified as the Rules of Professional Conduct (Rules).
The reclassification allows this Rules document to expand on the Code of Ethics where required (eg. more of practical ‘how to’ guidance). The intent of the Rules has not changed.
The Rules are mandatory for all Members and Appendix 1 of the Rules contains Rules for Valuers which are applicable to Members providing valuation services of real property and plant, machinery and equipment (chattels).
The Rules of Professional Conduct is effective from 28 February 2021.
All Members are encouraged to read the new Rules, which are available here.