Plant and Equipment Valuation SA
Asset Valuers South Australia
Asset Valuers South Australia
Machinery Valuers in South Australia
Plant and Machinery Valuers Adelaide SA
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Plant & Equipment Valuation Standards

We are an independent valuation firm, and we endeavour to provide the best quality service and valuations for all our clients. To do this the entire team of Plant and Equipment Valuation SA continually trains and develops our skills to ensure we are operating to the current standard of the industry.

There are several organisations set on maintaining and enforcing standards and regulations for valuers both in Australia and overseas. A few examples of such organisations include the Australian Accounting Standards Board, the Australian Property Institute, the International Valuation Standards Council, and the Royal Institution of Chartered Surveyors.

Our valuers exercise their skills and expertise to determine what standard best applies to certain plant and equipment valuations. Learn more about the standards we follow below.

Australian Accounting Standards (AAS)

The Australian Accounting Standards have been developed by the Australian Accounting Standards Board (AASB), an agency of the Australian Government. This has been created to ensure finance, business and accounting professionals are consistent in their work. They are based on the International Financial Reporting Standards (IFRS) to ensure Australia keeps to an international standard, while still complying with our domestic needs.

A few of these standards which we abide by when required include:

  • AASB 117 – Leases
  • AAS 4 – Depreciation
  • AASB 3 – Business Combinations
  • AASB 140 – Investment Property
  • AASB 136 – Impairment of Assets
  • AASB 13 – Fair Value Measurement
  • AASB 116 – Property, Plant and Equipment
  • IFRS 6 – Exploration for and Evaluation of Mineral Resources
  • IAS 41 – Agriculture

Australian Property Institute (API)

The organisation known as the Australian Property Institute is respected across the country for its commitment to developing and maintaining incredible standards and practices for Australia’s property professionals. Our valuers are members of this group and through the API have become Certified Practising Valuers (CPV) of Plant and Machinery.

As such we comply with their standards when necessary, for example:

  • ANZVGP 302 – Valuations of Real Property, Plant & Equipment for Use in Australian Financial Reports
  • ANZVGP 102 – Market Value of Property, Plant & Equipment in a Business
  • ANZVGP 113 – Valuations for Compensation and Compulsory Acquisition
  • ANZVGP 112 – Valuations for Mortgage and Loan Security Purposes
  • ANZVGP 109 – Valuation of Rural and Agribusiness Properties
  • ANZVGP 111 – Valuation Procedures – Real Property Paper
  • AVGP 301 – Assessing Rent and Rent Determinations
  • ANZVGP 107 – Valuation of Accommodation Hotels
  • ANZVGP 104 – Valuations for Insurance Purposes

International Valuation Standards (IVS)

These standards have been created by International Valuation Standards Council and are followed by professional valuers in over 100 countries including the UK, USA, France, South Korea, Brazil, South Africa and of course, Australia.

The standards of the API have been adapted from the IVS. We observe both when necessary, including:

  • IVS 103 – Reporting
  • IVS 104 – Bases of Value
  • IVS 101 – Scope of Work
  • IVS 102 – Investigations and Compliance
  • IVS 105 – Valuation Approaches and Methods
  • IVS 200 – Business and Business Interests
  • IVS 400 – Real Property Interests
  • IVS 410 – Development Property
  • IVS 500 – Financial Instruments
  • IVS 300 – Plant and Equipment
  • IVS 210 – Intangible Assets

Royal Institution of Chartered Surveyors (RICS)

The Royal Institution of Chartered Surveyors is a professional body in the UK, known for its pursuit of trust between clients and property professionals. Like the API, their standards are based on the IVS and have also released guidelines for a variety. Some of the RICS standards and guidelines our reports may be compliant with include:

  • Aus VPGA 6 – Native Title
  • Aus VPGA 5 – Compulsory Acquisition.
  • Aus VPGA 3 – Privacy Legislation in Australia
  • Aus VPGA 7 – Australian Accounting Standards
  • Aus VPGA 2 – Australian State and Territory Licensing
  • Aus VPGA 4 – Exceptions to Compliance Requirements
  • Aus VPGA 1 – ANZVPS (Australia and New Zealand Valuation and Property Standards)
  • RICS Professional Guidance, Global – Valuation of Mineral-bearing Land and Waste Management Sites 2nd Edition
  • RICS Guidance Note, Global – Land Measurement for Planning and Development Purposes 1st Edition
  • RICS Guidance Note, Global – Measured Surveys of Land, Buildings and Utilities 3rd Edition
  • VPGA 3 – Valuation of Businesses and Business Interests
  • VPGA 1 – Valuation for Inclusion in Financial Statements
  • VPGA 8 – Valuation of Real Property Interests
  • VPGA 5 – Valuation of Plant and Equipment

More than just Standard P&E Valuers

For a professional quality valuation of assets, the team of Plant and Equipment Valuation SA can assist. With our valuers’ 20+ years of experience, compliance with the proper standard is second nature. We do not solely rely on our experience and qualifications, our valuers undergo continued development training and regular peer reviews so that we can operate to the best standard possible.

Client satisfaction is a top priority, as such, we will always do what is right for the client, their circumstances, and their objectives. For more information about how our team can assist you or about our plant and equipment valuation standards, contact us today. Reach us by phone on (08) 7078 3538 or via our contact form.