API members pass much needed modernisation reforms

The Australian Property Institute's proposal to modernise the organisation has received strong support from members.

At the API's extraordinary general meeting (EGM) in Adelaide, the motions passed with 90% of votes in favour.

At least 66% approval was needed to pass the resolutions, which include:

- the API to become a company limited by guarantee,

- and to adopt the proposed new constitution.

The new structure and governance is expected to come into effect from January 1, 2016.

"This is a real transition, a culture change from 2016 onwards, the API would serve the members, provide advocacy, develop and uphold professional standards," API chief executive Mike Zissler said.

API national president Tyrone Hodge would become chair of the new organisation until the AGM in May next year.

New members would also be nominated for election to the board at the meeting, with some current members staying to ensure continuity.

“There is still a lot of work to be done finalising charters, policies and guidelines, however, the outcome of the EGM is a tremendously positive step forward for the API," said Zissler.