Leeson Valuers – Risk Management & Compliance

We are committed to the highest standards of integrity and ethics and undertake ongoing professional development, so that we always remain at the forefront of our industry.

"We believe in preventing losses"

Leeson Valuers has specific standards and systems in place to ensure internal control.

John Leeson signs all valuation reports personally as Valuer/Director.

No valuation reports have electronic signatures attached before the original report is signed and authorised for release.

This internal control provides assurance that risks are minimised.

Staff Training and Professional Development

Leeson Valuers fully support ongoing professional training.

John Leeson has completed in excess of 20 hours professional development training each calendar year for the past 10 years. Details of approved training is submitted to the Australian Property Institute prior to renewal of annual membership.

An audit of the nominated training undertaken is completed by the API.

We attend REIQ and API property conferences, seminars and economic presentations to remain abreast of current issues.

Risk Management Training

Leeson Valuers professional staff are required to undertake risk management training at least every 3 years since 2003. This training has been compiled and endorsed by the Australian Property Institute.

The contents of the training programme includes: best practices of a professional; better communication; client selection; adherence to basic valuation principles; principles of liability; rules of conduct, code of ethics, disciplinary proceedings and the regulatory framework; professional office practice procedures; and awareness of insurance issues.

"Staff are required to undertake Risk Management Training".

A copy of Compliance Certificate available.

Additionally, the REIQ undertakes annual risk management training as part of their continuing Professional Development Programme – 2009 topic – "Minimising Litigation and Prosecution". These programmes focus on trade practices and PAMD legislation and is a face to face contact class of 3.5 hours duration (sign in/sign out for audit purposes) and the 2010 topic focused on " Legislation & Compliance Update". 

A copy of Compliance Certificates are available.

Policy on Use of Underqualified or Student Valuers

We do not use underqualified or students to undertake property valuations.

Policy on Sub-Contractors

We do not sub-contract any property valuations or employ sub contract valuers.

Policy on Type of Property

We only undertake valuations on property where we consider we have sufficient experience. We will advise clients to seek alternative arrangement if we consider we don't have sufficient expertise for a particular property type.

We do not value licensed premises, or tourist related property.

Resumptions & Courtwork

Property values impact on our lives. They start at Council rates and range to their impacts on pensions, land tax, your ability to borrow money, your ability to buy more property, the compensation you receive when a Council or the Government resume part of your land or puts an Easement over your land.

Sometimes other Government Valuers make determinations that you can contest or object to – in fact – if your land is to be resumed, the "Government" is to pay your valuer's (reasonable) costs.

Contesting a valuation at a tribunal or court or simply making an objection or making a submission needs a valuer who is "switched on" in terms of valuation methodology but also in terms of negotiating strengths, legislation awareness, familiarity with giving expert evidence in a court and with strong communication skills. Leeson Valuers has wide ranging experience and expertise in these areas.

The vast majority of our compensation claims are able to be settled by negotiation with a satisfactory result within an acceptable time frame.

Compensation Claims Experience

• Whole of property for roads, busways, parks
• Partial resumptions for roads, busway, railway
• EASEMENT CLAIMS – Drainage
• Sewerage
• Pipeline – underground
• Power lines
• Sub-terranian
• STRATUM - Above ground
• Under ground (tunnel)