Professional Standards (Australian Property Institute Valuers Limited Professional Standards Scheme) Notice 2026

The Professional Standards (Australian Property Institute Valuers Limited Professional Standards Scheme) Notice 2026, SL 2026 No. 129, gives effect in Queensland to a professional standards scheme approved for the Australian Property Institute Valuers Limited under mutual recognition arrangements between the states. Professional standards schemes of this kind cap the civil liability of participating members for a defined amount, provided those members hold the professional indemnity insurance required under the scheme.

Such schemes operate under the Professional Standards Act 2004 in Queensland and equivalent legislation in other states, and are approved in the first instance by a professional standards council, commonly the Victorian council for a national occupational association such as the Australian Property Institute Valuers Limited. A scheme typically applies for a defined term, after which it is renewed or replaced, and limits occupational liability only for conduct falling within the scope of membership and in accordance with the scheme's insurance standards.

The precise monetary cap and conditions of the 2026 Queensland notice were not able to be independently confirmed from the source consulted for this briefing, and this entry should be treated as a general description of a professional standards scheme of this type pending direct review of SL 2026 No. 129 and the underlying scheme document. Lenders, purchasers and other parties relying on valuations prepared by API-member valuers practising in Queensland should confirm the current cap and insurance requirements before assessing any claim.