1. Purpose
Quantitative methods, data sources, platform features and ATO guidance change over time. This policy ensures certified valuers keep their AIQV-specific knowledge current.
2. Annual requirement
- Each Certified Quantitative Valuer must complete at least 3 hours of AIQV CPD in each certification year (the 12 months from the date of issue or last renewal).
- At least 2 hours must be structured activities: AIQV refresher modules, platform update training or AIQV-approved webinars with an assessment or attendance record.
- The balance may be self-directed learning directly relevant to quantitative valuation, desktop practice, ATO market valuation guidance or professional risk.
- In the first certification year, completion of the AIQV Certification Program satisfies the requirement.
3. Relationship with other CPD obligations
AIQV CPD is additional to the CPD required by the Valuers Registration Board of Queensland and any other professional body. Whether AIQV activities count towards those obligations is a matter for the relevant body. AIQV provides certificates of completion for structured activities.
4. Recording and declaration
Members record CPD in the member portal and make an annual declaration at renewal. Members must keep evidence (certificates, notes or attendance records) for three years.
5. Audit
The Institute audits a random sample of at least 10% of certified valuers each year. Selected members must provide evidence within 20 business days.
6. Non-compliance
- A member who has not completed the requirement at renewal has a 30-day grace period to do so.
- If the requirement is not met by the end of the grace period, certification lapses and access to the AIQV workspace is suspended until the shortfall is made up.
- A false CPD declaration is a breach of the Code of Ethics.
7. Exemptions
The Institute may grant a full or partial exemption for serious illness, parental leave or other exceptional circumstances on written application. A member with an exemption may not accept AIQV assignments until the requirement is met.