ARBE6372

Statutory Valuations

10 Units

Develop the students skills and knowledge to carry out valuations for rating and taxing purposes and assess compensation for compulsory acquisition and resumption of land.

Faculty Faculty of Engineering and Built Environment
School School of Architecture and Built Environment
Availability Trimester 2 - 2015 (WebLearn GradSchool)
Learning Outcomes

On successful completion of this course, students will be able to:

  1. Understand the legal concepts of statutory valuations, including rating and taxing, valuation of land Act, role of court and expert witness, specialist valuations, compulsory acquisition, resumption and compensation.
  2. Ability to prepare a statutory report for a rating or specialist valuation.
  3. Ability to prepare a compensation report for a resumption.
Content
  1. Introduction to principles of Statutory Valuations
  2. Types of valuations used for rating & taxing
  3. Valuation of Land Act
  4. Role of Court in Statutory Values
  5. Specialist Valuations
  6. Valuation methods of statutory valuations
  7. Practical application in rating and taxing values
  8. Principles of Acquisition and resumption
  9. Land acquisition and compensation Act
  10. Determination of compensation
  11. Practical application in compulsory acquisition and resumption.
Replacing Course(s) This course replaces the following course(s): ARBE6371. Students who have successfully completed ARBE6371 are not eligible to enrol in ARBE6372.
Assumed Knowledge ARBE6351 Property Investment and Evaluation
Assessment Items
  • Participation: Weekly Reviews
  • Report: Assignment 1 - Statutory Report
  • Report: Assignment 2 - Compensation report for resumption
Contact Hours
  • Self-Directed Learning: for 10 hour(s) per Week for Full Term
  • Tutorial: for 3 hour(s) per Week for Full Term
Course Materials
  • Law of Compulsory Land Acquisition
Timetable 2015 Course Timetables for ARBE6372

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