Statutory Valuation G

Course aim

To provide students with the knowledge necessary to undertake valuations of properties in accordance with specific statutory requirements.

Course content

Rating and taxing: land defined; distinction between fittings and fixtures; rating and taxing bases, legal definitions and case law; computer assisted mass appraisal; ratio studies. Compulsory acquisition: compensation principles and practice, “piecemeal” and “before and after” approach; heads of compensation; reinstatement; solatium; easements. Insurance valuations; indemnity; reinstatement; legal definitions and case studies. Valuations for financial reporting purposes; business goodwill. Expert witness.

Textbook(s)

Brown, D 2009, Land Acquisition: an examination of the principles of law governing the compulsory acquisition or resumption of land in Australia, 6th edition, LexisNexis Butterworths, Sydney

Prerequisite(s)

Nil

Corequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
BUSS 5333	Property Valuation G

Teaching method

Component	Duration
EXTERNAL, CITY WEST, DISTANCE EDUCATION
External	N/A x 13 weeks

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Assessment performance evaluation, Compulsory Acquisition case study, Examination

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 3)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.