On 12 October 2022, the Australian Property Institute Limited (API) applied for minor variation of authorisation AA1000553. This authorisation was granted for 5 years on 25 August 2021 in respect of certain membership requirements and obligations under API’s Constitution, Membership Policy, Code of Ethics, Standards Steering Committee Charter, CPD Policy, Rules of Professional Conduct, and Professional Conduct Policy Suite.
The authorisation allows API to give effect to arrangements setting standards of professional behaviour and imposing certain memberships and sanctions on its members.
API sought minor variation to the authorisation to include amendments made to its Constitution, which were approved at API’s Annual General Meeting on 25 May 2022. The minor variations sought related to:
- The powers of API’s Board of Directors (the Board) to admit and reject applications for membership
- the conditions under which persons cease to be members of API
- the Board’s ability to make policies for its members.
On 14 December 2022, the ACCC issued a determination granting the minor variation. Authorisation AA1000553 will remain in place until 25 August 2026. A copy of the ACCC's determination is below.
|Application for Minor Variation ( PDF 158.33 KB )||12 Oct 2022|
|Attachment A – Summary table of changes to authorised conduct ( PDF 140.19 KB )||12 Oct 2022|
|Attachment B – New API Constitution ( PDF 426.98 KB )||12 Oct 2022|
|Application and Supporting Submission ( PDF 738.14 KB )||6 May 2021|
|Show all documents (1 more)|
Annexures to the Application
|Annexure A - API Constitution ( PDF 393.24 KB )||6 May 2021|
|Annexure B - API Membership Policy ( PDF 491.02 KB )||6 May 2021|
|Annexure C - API Code of Ethics ( PDF 521.67 KB )||6 May 2021|
|Annexure D - API Standards Steering Committee Charter ( PDF 672.05 KB )||6 May 2021|
|Annexure E - API CPD Policy ( PDF 273.5 KB )||6 May 2021|
|Annexure F - API Rules of Professional Conduct ( PDF 349.08 KB )||6 May 2021|
|Annexure G - Professional Conduct Policy Suite ( PDF 2.11 MB )||6 May 2021|
|Show all documents (4 more)|
|ACCC to Interested Parties re Interested Party Consultation ( PDF 134.37 KB )||15 Nov 2022|
|ACCC to Interested Parties re Draft Determination and Interim Authorisation Decision ( PDF 149.51 KB )||16 Jul 2021|
|ACCC to Interested Parties re Consultation Process ( PDF 266.41 KB )||14 May 2021|
Submissions - before draft decision
|Applicant's response to ACCC request for information ( PDF 729.76 KB )||16 Jun 2021|