The Auctioneers and Valuers Association of Australia (AVAA) is a member of the International Valuation Standards Council (IVSC) delivers tangible value to members by ensuring that the professional standards underpinning valuation practice in Australia remain aligned with recognised international best practice.

The IVSC is the global standard-setting body for valuation, responsible for developing and maintaining the International Valuation Standards (IVS). These standards provide a common, principles-based framework used by valuers, regulators, courts, financial institutions and governments worldwide. They are designed to promote consistency, transparency and confidence in valuation outcomes across jurisdictions and asset classes.

For AVAA members working across fine art, antiques, collectables, goods and chattels, plant and equipment, IVS relevance is increasingly significant. These asset classes are traded, insured, financed and disputed in a global context. Auction sales, cross-border transactions, international collections, multinational insurers and overseas lenders all expect valuations to be prepared in accordance with standards they recognise and trust. IVSC alignment helps ensure that valuations prepared by AVAA members meet those expectations.

AVAA’s engagement with IVSC supports members by reinforcing that the methodologies, definitions and ethical principles applied in Australian valuation practice are consistent with international norms. This alignment strengthens the credibility of member reports when relied upon by insurers, trustees, financiers, lawyers, courts and regulators, both domestically and internationally. It also provides a robust reference point when responding to scrutiny, disputes or professional review.

Importantly, AVAA’s relationship with IVSC is not one-directional. Through IVSC membership, AVAA contributes Australian expertise to the global standard-setting conversation. Many AVAA members operate in specialist markets where assets are unique, illiquid, condition-sensitive or culturally significant. That practical, real-world experience informs how standards are interpreted and applied beyond traditional real property or financial asset contexts.

This two-way dialogue allows Australian perspectives, particularly in relation to fine and decorative arts, collectables, specialist machinery and business assets, to help shape evolving international standards. In turn, AVAA members gain early insight into emerging global thinking, proposed changes to standards and evolving expectations around methodology, disclosure and professional judgement.

From a member perspective, IVSC membership enhances the value of AVAA credentials. It supports confidence that professional development, guidance materials and ethical frameworks promoted by AVAA are grounded in globally recognised principles. It also positions members to operate effectively in an increasingly interconnected market, where valuation work is expected to stand up to international comparison.

Through its engagement with IVSC, AVAA reinforces its commitment to professional excellence, global relevance and informed advocacy—ensuring members are supported by standards that reflect both international best practice and the practical realities of specialist valuation in Australia.

Member Engagement —

AVAA’s member-driven policy advocacy is supported by members serving on the AVAA Government Affairs Committee.  AVAA Membership, it’s a great time to get involved.

Further Information —

To engage with the AVAA Advocacy Team send an email to policy.advocacy@avaa.com.au and be sure to keep up to date by following us on LinkedIn, X/Twitter and Facebook.