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Australian Valuers Institute was founded in 1938 and is the only Australian based industry body which solely represents valuers. Our Institute aims to uphold the ethical standards of the valuation profession by ensuring that our members render service to their clients with fidelity, to practice their profession with integrity, honor and professionalism whilst acting impartially and objectively when providing independent advice.

The Australian Valuers Institute is nearing the completion of a four year collaboration with its Asia Pacific, African, American and European counterparts to augment and increase their technical capacity and expertise in conducting Knowledge and valuation practices. A number of domestic and international valuers have completed the requirements for AVI's Certificate Program and were awarded the Certified Master Valuer Certificate in August of this year.

In addition to the Program, The AVI is contributing substantively to building and strengthening valuation capacity in Australia and internationally.

The AVI's main functions are:- •An institute of Professional Valuers, Professional Associated Valuers and Candidate/Student Valuers; •Maintenance of their integrity; •Enhancement of their status; •Improvement of their academic and other qualifications and of the standard of services rendered by them; •Protection of members of the public in their dealings with registered persons; •Drawing up and keeping up to date a register of all registered persons.

The AVI is the premier national institute of valuers with a membership of independent valuers in 100 different areas of specialization, the AVI roster of well-established professionals has the widest range of experience and expertise in their respective fields. The AVI which is associated with the highest level of professionalism is a dynamic association that is simply unmatched in the field of valuation services. AVI valuers work with private and public partners to reflect the highest industry standards. All of our members are required to be certified according to the highest professional standards.

The AVI has long been facilitating in the appointment of qualified Certified Practicing Valuers and Retail Specialist Valuers in commercial lease rental determinations, rental disputes and rent reviews. This includes office space, industrial units, workshops and warehouses, retail shops (whether they are within a shopping centre or not), storage sheds, working yards and other non-residential property.

The lessor and the lessee can either agree upon a valuer or can ask the President of the Australian Valuers Institute to nominate a person who is a licensed valuer to decide the current market rent