2023 APIV Membership Renewal - Compliance self-declaration
The Australian Property Institute Valuers Ltd Professional Standards Scheme ('APIV Scheme', also known as the APIV Limitation of Liability Scheme) is a legal instrument that provides the APIV members with an opportunity to cap their liability to a predetermined limit in the event that a claim is raised with respect to their occupational liability. The APIV Scheme binds the APIV to monitor, enforce and improve the professional standards of its members and protect consumers of professional services.
The Professional Standards Councils ('PSC'), independent statutory bodies responsible for promoting professional standards and consumer protection, regulate the APIV and its members.
APIV and its members have various compliance obligations pursuant to the professional standards legislation. A crucial aspect of such obligations is the requirement for members to declare their compliance annually and the APIV to monitor members' compliance.