Australian Property Institute Limited (API)

Summary

On 6 May 2021, Australian Property Institute Limited (API) on behalf of itself and its current and future members, applied for revocation of authorisation A91522 and substitution for a new authorisation for similar conduct for a further five year period.

On 6 July 2016 the ACCC granted re-authorisation to the API and its current and future members for certain membership requirements and obligations under its Constitution, Code of Professional Conduct and associated policies. Authorisation A91522 is due to expire on 28 July 2021.

API was established to set and maintain standards of professional practice, education, ethics and professional conduct for its members and the broader property profession. API seeks ongoing authorisation to make and give effect to specific clauses within the following revised suite of documents: the API Constitution, Membership Policy, Code of Ethics, Standards Steering Committee Charter, CPD Policy, Rules of Professional Conduct and Professional Conduct Policy Suite.

The ACCC is seeking submissions on the application. An indicative timetable for the ACCC’s assessment is set out below.

Indicative date

Stage in assessment process

6 May 2021

Lodgement of application and supporting submission.

14 May 2021

Public consultation process begins.

4 June 2021

Closing date for submissions from interested parties.

June 2021

Applicant responds to issues raised in the public consultation process.

July 2021

Draft determination.

July/August 2021

Public consultation on draft determination including any conference if called.

August/September

Final determination.

Applicant(s)

  • Australian Property Institute Limited

Authorisation number(s)

  • AA1000553-1