RICS Valuation – Global Standards 2017: Australia national supplement
As paragraph 4.3 of RICS Valuation - Global Standards 2017 (Red Book Global Edition) explains, for a number of jurisdictions RICS publishes national supplements to the Red Book global standards to assist members in the application of those standards in a local context.
The Australia national supplement augments Red Book Global Edition for valuations that are subject to Australian jurisdiction. The first edition, published on 12 August 2019, is effective for valuations where the valuation date is on or after 12 August 2019.