The AVAA is governed by a Constitution ratified by The Australian Securities and Investments Commission. All members are also bound by a Code of Ethics. Any member who breaches the AVAA's Code of Ethics is liable to disciplinary action by the Association.
The AVAA is an industry based, self-governing body. Membership is voluntary.
Membership comprises Corporations, Sole Traders, Auctioneer, Valuer, Associate and Life members. All categories of members must be practising Auctioneers and/or Valuers. Members have required statutory levels of experience and are encouraged to pursue ongoing education.
Corporate and Sole Trader auctioneer and valuer members are required to hold Professional Indemnity Insurance.
Corporate and Sole Trader auctioneer members are required to maintain a Trust Account which is subject to an annual audit. An Audit Certificate has to be presented to the AVAA annually.
AVAA members are committed to providing the highest levels of professionalism in their dealings with client.
The objects of the Association are to secure and elevate the standard of the professions of Auctioneers and Valuers by the dissemination of professional knowledge and the inculcation of sound practice and to afford means of reference for amicable settlement of professional differences and to decide upon questions of professional usage of etiquette.
1. Members must not engage in conduct that is deliberately misleading or deceptive or through negligence is likely to mislead or deceive. If there is any conflict between this obligation and the requirements of a client, a member must if necessary decline to act for the client.
2. Members must always act in the best interests of their clients, within the law.
3. Members must keep themselves informed of their legal obligations and honour both the letter and the spirit of these obligations.
4. Members, before accepting a retainer from a prospective client, must inform them in writing of all relevant fees and charges.
5. Members must respect clients' confidential information and not take unfair advantage of it.
6. Members must always fully identify themselves in all their dealings.
7. Members must support the Association and use their best endeavours to protect and promote the Association's objects and reputation.
8. Members must not seek any commercial profit from holding any office with the Association. Members must not refer to any office they may hold with the Association, when advertising.
9. Members must promptly give the Association full details if they become aware of conduct by another member which is in breach of this Code or the Rules of Conduct or otherwise unbecoming of a member.
10. Members who are employees must not join in any unbecoming conduct by their employers.
11. Corporate and Sole Trader Auctioneer Members must maintain a Trust Account which is to be audited annually.
12. Corporate and Sole Trader Auctioneer and Valuer Members must maintain Professional Indemnity Insurance.
The Auctioneers & Valuers Association of Australia is committed to ensuring the highest standards of professionalism and sound practice in the fields of auction and valuation.
The Association is committed to: