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PROP19001 - Statutory Valuation

General Information

Unit Synopsis

This property unit focuses on valuations undertaken for a statutory purpose. This includes the valuation of property for resumption and acquisition purposes as well as rating and taxation valuations. It covers the relevant legislation and procedures on land acquisition, compensation and revenue raising.

Details

Level Undergraduate
Unit Level 3
Credit Points 6
Student Contribution Band SCA Band 4
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites

Prerequisite: PROP11001

Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 3 - 2016

Term 2 - 2017 Profile
Distance
Term 2 - 2018 Profile
Distance
Term 2 - 2019 Profile
Online
Term 2 - 2020 Profile
Online
Term 2 - 2021 Profile
Online
Term 2 - 2022 Profile
Online

Attendance Requirements

All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Assessment Overview

Recommended Student Time Commitment

Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Assessment Tasks

Assessment Task Weighting
1. Written Assessment 25%
2. Written Assessment 25%
3. Examination 50%

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%).

Consult the University’s Grades and Results Policy for more details of interim results and final grades

Past Exams

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Previous Feedback

Term 2 - 2020 : The overall satisfaction for students in the last offering of this course was 5 (on a 5 point Likert scale), based on a 28.57% response rate.

Feedback, Recommendations and Responses

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Source: Student feedback shared via online tutorials.
Feedback
Some students struggled to complete reading all the Acts and cases discussed in this unit.
Recommendation
The core Acts and case law readings will be clearly identified in the study guide. Access to supporting Acts and cases will still be made available however they will be identified as 'further' or 'extension' readings. Future students will be strongly encouraged to engage in the unit materials regularly and attend the weekly tutorials. They will be advised that it is difficult to cover more than one module a week.
Action Taken
The recommendations were adopted. While one student in 2020 said 'the course content is full on for the first 5 weeks' others said the material was as expected.
Source: Student evaluation scores.
Feedback
'Assessment requirements' was the lowest rating category in the student evaluations. The lower level of satisfaction is most likely due to changes to the major assignment.
Recommendation
In 2020 further information regarding the assessment tasks will be shared to provide more scaffolding. Assignment exemplars may also be shared.
Action Taken
The recommendations were adopted, and student evaluation scores increased with positive formative feedback provided.
Source: Student evaluation
Feedback
‘Although study guide questions and answers are discussed and provided in tutorials and recordings, it may be of benefit to upload a short answer sheet to aid in study for the final exam’.
Recommendation
The virtual classes, where questions and answers from the study guide are discussed, will remain the primary means to discuss more detailed concepts. The weekly quiz (optional) and discussion forums will be used to share answers of a shorter, less detailed nature.
Action Taken
Nil.
Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. To enable students to demonstrate their ability to understand the legal concepts in a range of statutory valuation considerations and be able to apply those principles to real situations and come to a considered conclusion on matters in question.
  2. To identify the valuation approaches for rating valuations throughout Australia.
  3. To carry out research at relevant government offices and through internet provider services.
  4. To expose students to the responsibilities involved in the commercial environment when carrying out a professional project where there are real clients depending on their opinion.

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4
1 - Written Assessment
2 - Written Assessment
3 - Examination
Alignment of Graduate Attributes to Learning Outcomes
Introductory Level
Intermediate Level
Graduate Level
Graduate Attributes Learning Outcomes
1 2 3 4
1 - Communication
2 - Problem Solving
3 - Critical Thinking
4 - Information Literacy
6 - Information Technology Competence
8 - Ethical practice
Alignment of Assessment Tasks to Graduate Attributes
Introductory Level
Intermediate Level
Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8 9
1 - Written Assessment
2 - Written Assessment
3 - Examination