Australia & New Zealand
Valuation and Property Standards

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14.0 Business Focus

14.5 CPD Requirements, Activity Planner and Recorder

CPD Requirements, Activity Planner and Recorder 14.5 (PDF 56 KB)

1.0 Continuing Professional Development (CPD) Defined:

Continuing Professional Development is the participation in ongoing education to improve knowledge/skills and develop the personal qualities necessary for the performance of technical, managerial and administrative duties throughout a professional person's career.

2.0 Making CPD work for you

Recent years have seen many client-driven changes in the services offered by Property Professionals.

Through CPD Members can be certain that they will continue to keep abreast of the knowledge and skills required to successfully compete in an increasingly dynamic and challenging environment.

CPD is essential in ensuring that all Members of the API and PINZ maintain a high standard of professionalism.

Furthermore a high level of professionalism ensures that clients, employers, the public, government, other professions and relevant parties recognise the Members of the API and PINZ as the premier property professionals in Australia.

Therefore CPD is not about collecting points, it is about:

  • • Continuing learning throughout your professional life
  • • Professional maintaining knowledge and skills relevant to your work
  • • Development progressing your business, your career and your personal development

3.0 Take stock and plan

Use the Planner in this document to determine:

  • • Where are you going professionally
  • • Where do you want to be in one year s time
  • • What additional knowledge and skills you will need
  • • Assess your current levels of competence in these areas by using the 'Levels of Competence' table below
  • • Determine the competence levels you want to achieve by the end of the year
  • • What CPD will you need to undertake
  • • What evidence will show that you have achieved your goals.

4.0 Levels of competence

Expert

Acknowledged by others as an authority in the area (subject)

Skilled

Able to work in the area/use the skills; occasional reference to information is necessary

Competent

Able to work in this area/use the skills; regular reference to further information is necessary

Familiar

Some knowledge/skills in the area; requires additional training as well as regular reference to information

No knowledge/skills

No knowledge/skills in the subject; requires full training

5.0 Members choose CPD activities

Each Member can choose the CPD activities from the list below that he/she wishes to undertake.

However, a maximum of 10 CPD points (hours) per year will be recognised for on-the-job learning from performing additional/new vocational/professional functions and/or private planned study, i.e., a Member can obtain a maximum of
10 points from private planned study and no points from learning on-the-job or vice versa or a Member can obtain a maximum of 10 points from a combination of private planned study and learning on-the-job.

6.0 CPD Requirements

  • • CPD is compulsory for all Members who are Graduates, Provisional Members, Associates, Fellows and Life Fellows. Students are not required to undertake CPD since they are already involved in substantial study periods.
  • • Non-practising and retired Members are only exempt from CPD if they have formally transferred to non-practising or retired status with the API.
  • • Members must achieve 20 points per calendar year of which at least 10 points must be from Property topics
  • • Each Member assesses whether or not a given topic qualifies for CPD
  • • One hour of CPD gives one point
  • • A maximum of 10 CPD points can be carried over from one year to the next however, Members must obtain a minimum of 10 points per year from Property topics Property topics cover all areas related to property and can include such areas as the global and Australian economies; foreign language study to service overseas clients; and the study of trends in a particular industry such as cotton if providing valuation or property advice to people engaged in the cotton industry.
    If in doubt about whether a topic qualifies as a property topic, Members should contact their Divisional office for confirmation.
  • • Members who have transferred to the nonpractising affiliate class must obtain 20 CPD points prior to their transfer back to their former membership class. They will also be required to complete CPD points for the year of return on a pro-rata basis.
  • • New Members or Members transferring from affiliate membership part way through the year are required to complete CPD points on a pro-rata basis.
  • • Members resident overseas may gain 20 CPD points per year from private planned study.

7.0 RECOGNISED CPD ACTIVITIES

Section 1 of the CPD Record

  • • attendance at seminars, conferences, workshops, field days, modules as well as breakfasts, luncheons or dinners with keynote speakers on business/property topics conducted by
    • - API/PINZ including Study/Discussion Groups
    • - other professional associations
    • - industry bodies
    • - tertiary institutions
    • - employers
    • - other relevant course providers
  • • preparation and presentation of papers (one point per hour for both) to API/PINZ, other professional, educational or in-house functions
  • • authorship of published articles and/or text books or books (one point per hour)
  • • membership of committees examining technical/professional issues
  • • membership of an administrative committee of API/PINZ (maximum 2 points p.a.)
  • • formal individual study provided by distance education courses, programmed learning units, audio and video tapes
  • • formal study in Property or Business/Personal Skills resulting in an award such as a certificate or degree

Section 2 of the CPD Record

  • • private planned study in areas relevant to the Property professions

Section 3 of the CPD Record

  • • Additional/New Vocational/Professional Functions

These functions refer to situations where learning takes place on-the-job by performing the function. Undertaking the functions either requires the gaining of new knowledge and/or skills or the improvement of existing knowledge and/or skills.
Examples where the undertaking of additional/new vocational/professional functions can occur include:

  • • managing the introduction of change (new computer systems, introduction of quality assurance procedures)
  • • merging with/acquiring a practice/starting your own practice
  • • being seconded to another organisation/being seconded or transferred to another department (part) of the organisation
  • • changed existing job description or new position within same department.

IN SUMMARY, the CPD record contains 3 sections:

  • • Section 1 - record seminars, conferences, in-house training, workshops, modules, papers etc
  • • Section 2 - record private planned study
  • • Section 3 - record learning on-the-job from additional/new vocational/professional functions

To obtain a CPD Certificate of Compliance you are required to complete the relevant sections, total your CPD points, sign and forward your CPD Record to your Divisional Office in Australia or National Office in New Zealand.

8.0 Annual CPD Minimum 15% Random Audit of CPD Records

  • • A Minimum 15% of Members required to undertake CPD are randomly selected for the audit.

API/PINZ CPD Planner