Course Title: Statutory Valuation

Part A: Course Overview

Course Title: Statutory Valuation

Credit Points: 12


Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

OMGT1129

City Campus

Undergraduate

325H Property, Construction & Project Management

Face-to-Face

Sem 2 2008,
Sem 2 2009,
Sem 2 2010,
Sem 1 2013,
Sem 2 2013,
Sem 1 2014,
Sem 2 2014,
Sem 1 2015,
Sem 2 2015,
Sem 1 2016

Course Coordinator: Judith Callanan

Course Coordinator Phone: +61 3 9925 2644

Course Coordinator Email: judith.callanan@rmit.edu.au

Course Coordinator Location: 8.8.8


Pre-requisite Courses and Assumed Knowledge and Capabilities

From 1 January

Enforced Prerequisite: 045744 Valuation Process and Methods

Prior to 2016

You should have satisfactorily completed the prerequisite course MKTG1320 Valuation Process and Methods before you commence this course.
 


Course Description

The course builds on your knowledge of Valuation techniques that apply in the Valuation of various property types. The course examines the need for Valuations to be undertaken for various statutory purposes. It is a government requriement for valuations to be undertaken for Rating and Taxing, Land Acquisition and Compensation and various Planning or Land Management activities.

You will develop your knowledge of the Rights of Government to deal with privately owned land and also the Revenue raising capacity of State and Local Government.

You will also develop your understanding of the Statutory aspects of Valuation Theory and Practice and the Literature associated with it.

You will critically examine court precedents in relation to the acquisition and taxing of land.


Objectives/Learning Outcomes/Capability Development

This course will develop the following program learning outcomes:

1 Determine and apply knowledge of complex property and valuation theory to your professional practice and/or further study
2 Professionally communicate to a range of audiences, demonstrating in depth knowledge of the discipline and of the needs of diverse property and valuation stakeholders
3 Apply logical, critical and creative thinking to analyse, synthesise and apply theoretical knowledge, and technical skills, to formulate evidenced based solutions to industry problems or issues
5 Collaborate effectively with others and demonstrate intellectual independence and autonomy to solve problems and/or address industry issues and imperatives




 


Upon successful completion of this course you will be able to:

  • Determine  the valuation practices used in relation to mass appraisal for rating and taxing and  post compulsory acquisition
  • Interpret and apply relevant legislation and judicial precendents to determine rating valuations
  • Defend and justify  a value undertaken for rating purposes, acquisitions and resumption of land
  • Deernmine how statutory powers impact on land use
  • Apply land acquisition legislation and valuation principles to determine compensation within compulsory acquisition


Overview of Learning Activities

Class discussions, problem solving exercises, simulated valuations


Overview of Learning Resources

RMIT will provide you with resources and tools for learning in this course through our online systems.


Overview of Assessment

You will be assessed on how well you meet the course’s learning outcomes and on your development against the program learning outcomes. Assessment may include, but is not limited to, assignments, exercises within class, test, exam
Feedback will be given on all assessment tasks.

If you have a long term medical condition and/or disability it may be possible to negotiate to vary aspects of the learning or assessment methods. You can contact the program coordinator or the Disability Liaison Unit if you would like to find out more.
A student charter http://www.rmit.edu.au/about/studentcharter summarises your responsibilities as an RMIT student as well as those of your teachers.

Your course assessment conforms to RMIT assessment principles, regulations, policies, procedures and instructions which are available for review online: http://www.rmit.edu.au/policies/academic#assessment