What are the Rules of Professional Conduct?
They are an interpretation and application of the Code of Ethics, which identifies the minimum standard of professional conduct expected of all members
How many Rules of Professional Conduct are there?
There are 17 rules, first 9 apply to everyone and the last 8 apply to valuers.
What are 3 examples of Rules of Professional Conduct?
Professional and Personal Conduct
Conflict of Interest
Impartiality
Speaks about limitations of certain qualifications such as Students, RPVs and CPV residentials
What can you tell me about the IVS?
will come into effect 2025.
The International Valuation Standards (IVS) are a set of globally recognised valuation principles and requirements designed to ensure consistency, transparency and credibility in valuation practice worldwide.
They are issued by the International Valuation Standards Council.
Status in Australia
IVS are not legislation.
They are adopted in practice through:
API Professional Practice
Alignment with AASB / IFRS valuation concepts
Courts and tribunals may expect compliance where relevant.
👉 In compulsory acquisition work, IVS inform methodology, while statute governs compensation.
What is the IVS and what does it cover?
It is a key guide for valuation professionals globally. It includes general standards as well as asset specific standards.
