THE Australian Property Institute (API) has awarded Roy Farthing with a Life Fellowship.
Farthing is an Australian and global leader in the valuation of plant and machinery. He was also chosen to be the face of API Technical Information Papers on Market Value of Property, Plant & Equipment in a Business and Valuation for Insurance Purposes.
The API said Farthing has provided a lifetime of service to asset valuation and, via his leadership and dedication, has contributed to the betterment of asset valuation in Australia and worldwide.
Farthing’s API Contribution
1991 – 1992
Member of the API working party on establishing a Plant and Machinery valuer membership stream
1991 – 1993
Member of the API/RMIT working group on the development of a Plant and Machinery graduate certificate course with the RMIT University
1993
Member of the API Plant and Machinery valuer membership admission committee
1993 – 2000
Member of the API Victorian Divisional Council
1993 – 2000
Chair of the API Plant and Machinery Valuation Discussion Group
1995 – current
Member and past chair of the API Australian Valuation Standards Board/Committee
2000 – 2001
Member of the ATO Market Value Reference Group developing the valuation guidelines for tax consolidation
2000 – 2010
Member of the API National Professional Board
2001 – current
Member of the API Victorian Panel of Examiners for Plant and Machinery
2005 – current
Member of the Australian Accounting Standards Board (AASB) Fair Value Advisory Panel
2008 – 2015
Member and past vice Chair of the International Valuation Standards Council (IVSC) Professional Board
2016 – current
Member of the IVSC Standards Review Board
Australian Property Journal
