As of the 1st of July 2017 both the Property Institute of New Zealand and the New Zealand Institute of Valuers formally adopted the 2017 International Valuation Standards for valuation practice.
The IVS consists of mandatory requirements that must be followed in order to state that a valuation was preformed in compliance with IVS. Certain aspects of the standards do not direct or mandate any particular course of action but provide fundamental principles and concepts that must be considered in undertaking a valuation.
- IVS 101 - Scope of Works
- IVS 102 - Investigations and Compliance
- IVS 103 - Reporting
- IVS 104 - Bases of Value
- IVS 105 - Valuation Approaches and Methods
- IVS 200 - Business and Business Interests
- IVS 210 - Intangible Assets
- IVS 300 - Plant and Equipment
- IVS 400 - Real Property Interests
- IVS 410 - Development Property
- IVS 500 - Financial Instruments