New Technical Information Papers and videos

The APSB and the AVSB have released new Technical Information Papers, along with accompanying resource kits and videos

The Australian Property Standards Board (APSB) has developed and released the following Real Property Technical Information Papers (TIPs), with National Council approval, which will be effective from July 1, 2015.

A short video presentation by an industry expert accompanies each TIP. The presenter shares the background and purpose of the TIP and introduces some of the key points for your consideration. Some of the TIPs also have an associated Resource Pack which contains additional reference or support material.

Acting as an Expert Witness (ANZRPTIP 1)
This TIP will replace ANZRPGN 2 Acting as an Expert Witness, Advocate or Arbitrator which is currently located in section 11.2 of the Australian and New Zealand Valuation and Property Standards manual.
ANZRPTIP 1 – Acting as an Expert Witness
Video – featuring Stuart Morris, QC
Resource Pack

Property Advisors (ANZRPTIP 2)
This is new information as there was no previous guidance in this area of practice.
ANZRPTIP 2 – Property Advisors
Video – featuring Ian Dalgarno
Resource Pack

The Australian Valuation Standards Board (AVSB) has also developed and released the following Valuation TIPs, which will be effective from July 1, 2015:

Retrospective Valuations (ANZVTIP 1)
This is new information as there was no previous guidance in this area of practice.
ANZVTIP 1 – Retrospective Valuations
Video – featuring David Leggatt

Market Value of Property Plant & Equipment in a Business (ANZVTIP 2)
This TIP will replace ANZVGN 12 Property, Plant and Equipment which is currently located in section 8.12 of the Australian and New Zealand Valuation and Property Standards manual.
ANZVTIP 2 – Market Value of Property, Plant Equipment in a Business
Video – featuring Roy Farthing

Addressing the Concept of ‘Forced Sale’ (ANZVTIP 3)
ANZVGN 3 Valuations for Mortgage and Loan Security Purposes (Forced Sale) had already been WITHDRAWN from section 8.3 of the Australian and New Zealand Valuation and Property Standards manual.
ANZVTIP 3 – Addressing the Concept of ‘Forced Sale’
Video – featuring David Leggatt

Insurance Valuations (ANZVTIP 4) 
This TIP will replace ANZVGN 13 Valuation for Insurance Purposes which is currently located in section 8.13 of the Australian and New Zealand Valuation and Property Standards manual.
ANZVTIP 4 – Valuations for Insurance Purposes
Video – featuring Roy Farthing

The purpose of the TIPs is to identify processes and procedures that will assist members and inform users on appropriate practices. The information provided will reduce diversity of practice and provide information that may assist in the application of the TIP.

The API has acknowledged the contribution of those who freely gave of their time and talent to prepare, and be the talent in the respective videos, and recommends that you watch the video in association with your reading of the TIP.

The development of these six Technical Information Papers is the beginning of a process whereby the current Australian and New Zealand Valuation and Property Standards – Guidance Notes will be reviewed and re-issued as TIPs.

All TIPs will be stand-alone documents which can be accessed via the API website