16333 Statutory Valuation and Compensation

Description

The determination of value is required for many disparate purposes of which some definitions of value are codified within statutes. The statutory purposes for which values are required include the rating and taxing of land, which yields the fourth largest source of tax revenue in Australia, and the compulsory acquisition of land for urban renewal and the provision of infrastructure. As value increasingly becomes codified, the necessity to be able to assess value within specific statutes has shaped the valuation profession and expanded the role of the valuer.

This subject equips students to assess, prepare and defend statutory valuations used for land acquisition and urban renewal purposes, rating and taxing of land and other court-related purposes including general litigation, family law and equity involving property. The subject is designed to cover the preparation of instructions, statements of evidence and the presentation and delivery of expert evidence before the courts. This subject equips students to draft, accept and comply with valuation instructions, determine fees and retainers and carry out valuations in line with their instructions.

Typical availability

Autumn session, City campus