Legally robust appraisals

The Uniform Standards of Professional Appraisal Practice dictate certain procedures for the appraisal process, and certainty safeguards, which ensure that all ACEA appriasals are documented, evidenced and substantiated. This is of great comfort to our clients who can then rely on a value which is beyond legal challenge.

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Appraisers Database

Online Appraisals: Introduction

ACEA Certified Machinery & Equipment Appraisers can produce Certified "Fair Market Value" Appraisal Reports on a variety of Machinery and Equipment. We use the resources of our extensive Australian Database of ♦comparable♦ items and our access to Dealers, Manufacturers and Resellers of Machinery and Equipment in Australia and Overseas; the ACEA database is housed on our secure ♦in-house♦ server and backed up daily. Additionally, ACEA has direct access to the database of the NEBB Institute in the USA (the largest database of this type in the world) currently with over 4 Million items of Machinery & Equipment listed and a network of over 300 Affiliate Offices staffed by local Certified Machinery & Equipment Appraisers worldwide.

Certified Machinery and Equipment Appraisal Reports can be emailed to you in pdf file format (which can then be printed) consisting of 10 to 24 A4 pages (depending on the number of items). The report contains a Certificate of Authenticity and color photos/serial numbers in addition to the valuation methodology.

Why do you need a Certified Appraisal Report?

All ACE-A approved Certified Machinery and Equipment Appraisers (CMEA's) produce Court defendable appraisals to the Universal Standard of Professional Appraisal Practice (USPAP) standard. The USPAP standard is the internationally recognised benchmark for court-based litigation support, and depositions for value appaisal defence.

Appraisal Reports can be issued within 3 working days, and Priority Appraisal Reports can be issued within 1 working day under the following "Window of Value":

Fair Market Value - What does this mean?

Fair Market Value is defined as:
"The most probable price which an item should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby:

 (1) Buyer and Seller are typically motivated;
 (2) Both parties are well informed or well advised, and acting in what they consider        their own best interests;
 (3) A reasonable time is allowed for exposure to the open market;
 (4) Payment is made in terms of Cash in Australian Dollars or on terms of financial        arrangements comparable thereto; and
 (5) The price represents the normal consideration for the Item sold unaffected by        special or creative financing or sales concessions granted by anyone associated        with the sale"

Other Windows of Value such as Orderly Liquidated Value and Forced Liquidated Value are not available as part of our Online Appraisals service at this time. If such Valuations are required you can contact us directly via our Contact Us page for a quote.

Online Appraisals can be provided for {off the shelf} Machinery and Equipment from the following categories:

 • Abattoir Machinery & Equipment
 • Agricultural Equipment
 • Audio Visual Equipment
 • Aviation Machinery & Equipment
 • Commercial & Industrial Laundry Equipment
 • Commercial Hire Equipment
 • Construction Equipment
 • Horticultural Equipment
 • Industrial Manufacturing Equipment
 • Marine Equipment
 • Medical Equipment
 • Mining Equipment
 • Office Equipment
 • Printing Equipment
 • Recreational Equipment
 • Restaurant & Hospitality Equipment
 • Transportation Equipment
 • Motor Vehicles

Custom-made Equipment can be valued at fair market value depending on individual circumstances. Please contact our office at admin@acea.net.au outlining your requirements.

Online Appraisals: Requirements

Pre-requisites for processing a "Fair Market Value" Appraisal Report include:

(1) Full Client Details (Name, Address, Phone & Active and Valid Email Address)
(2) Acceptance of all Terms and Conditions including Statement of Limiting Conditions.
(3) Full Description/Details of the item to be appraised.
(4) One to Four digital Colour Photographs of the Item to be Appraised
      (Max file size 500kb per image)
(5) Credit Card (Visa/Mastercard/AMEX) for payment.

Appraisal Fee Schedule

Single Item Appraisal Fee cost is AU$220.00+GST with completion within 3 working days.
Further items up to maximum of 6, can be completed at an additional cost of AU$185.00+GST per item with an additional working day required per item for processing.

Priority Appraisal Reports can be produced within 1 working day at an additional cost of AU$590.00+GST per report (Completion timetable for more than one priority item per report add's an additional day per item for processing).

  



Approved Certified Appraisers working with ACE-A comply with the following Code of Conduct:
  1. An appraiser must not misrepresent his or her role when providing valuation services that are outside of appraisal practice.
  2. An appraiser must perform assignments ethically and competently in accordance with USPAP and any supplemental standards agreed to by the appraiser in accepting the assignment.
  3. An appraiser must not engage in criminal conduct.
  4. An appraiser must perform assignments without partiality. He or she must have objectivity and independance, and be without accomodation of personal interest.
  5. In appraisal practice, an appraiser must not perform as an advocate for any party or issue.
  6. An appraiser must not accept an assignment that includes the reporting of a pre-determined opinion or conclusion.
  7. An appraiser must not communicate assignment results in a misleading or fraudulent manner.
  8. An appraiser must not use or communicate a misleading or fraudulent report or knowingly permit an employee or other person to communicate a misleading or fraudulent report.
  9. An appraiser must not use or rely on unsupported conclusions relating to characteristics such as race, colour, religion, national origin, gender, marital status, family status, age, receipt of public assistance income, handicap, or an supported conclusion that homogeneity of such characteristics is necessary to maximise value.
  10. The payment of undisclosed fees, commissions or things of value in connection with the procurement of an assignment is unethical.
  11. It is unethical for an appraiser to accept compensation for performing an assignment when it is contingent upon:
    · The reporting of a predetermined result;
    · A direction in assignment results that favours the cause of a client;
    · The amount of a value opinion;
    · The attainment of a stipulated result; or
    · The occurrence of a subsequent event directly related to the appraiser's opinions and specific to the assignment's purpose.
  12. It is unethical for an appraiser to advertise for, or solicit assignments, in a manner that is false, misleading or exaggerated.
  13. An appraiser must protect the confidential nature of the appraiser-client relationship.
  14. An appraiser must act in good faith with regard to legitimate interest of the client and the use of confidential information and in the communication of assignment results.
  15. An appraiser must be aware of and comply with all confidentiality and privacy laws and regulations applicable in an assignment.
  16. An appraiser must not disclose confidential information or assignment results prepared for a client to anyone other than the client and persons specifically authorised by the client; state enforcement agencies and such third parties as may be authorised by due process of law; or a duly authorised professional peer review committee except when such disclosure to a committee would violate applicable law or regulation.
  17. It is unethical for a member of a duly authorised professional peer review committee to disclose confidential information presented to the committee.
  18. An appraiser must prepare a work file for each appraisal. The file must include the name of the client and the identity, by name or type, of any other intended users; true copies of any written reports, documented on any type of media; summaries of any oral reports or testimony, or a transcript of testimony, including the appraiser's signed and dated certification; and all other data, information, and documentation necessary to support the appraiser's opinions and conclusions and to show compliance with this rule and all other applicable standards, or references to the location(s) of such other documentation.
  19. An appraiser must retain the work file for a period of at least five (5) years after preparation or at least two (2) years after final disposition of any judicial proceeding in which testimony was given, whichever period expires last, and have custody of his or her work file, or make appropriate work file retention, access and retrieval arrangements with the party having custody of the work file.
  20. An appraiser must disclose the lack of knowledge and/or experience to the client before accepting the assignment, take all necessary steps appropriate to complete the assignment competently, and describe the lack of knowledge and/or experience and the steps taken to complete the assignment competently in the report.
  21. The appraiser must disclose any interest the appraiser has in any item(s) being appraised.