Roy Farthing honoured as a Life Fellow of the API

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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


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