F.A.Q.

Why should I become a PIPA member?

PIPA is fast becoming the benchmark which consumers seek to give them confidence that their adviser or property professional is educated and subscribes to a Code of Conduct. Once regulation is in place, PIPA members will be ready for compliance and have an industry leader behind them.

PIPA can offer guidance to its members in many areas, and also provides the only 'diploma level' qualified property investment adviser course available today. This course results in the acquisition of the exclusive post nominals QPIA® (Qualified Property Investment Adviser).

Ben Kingsley, the Chair of the Association, has recorded a message about PIPA's 7 Point Strategic Focus:

 

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What level of membership should I choose?

PIPA has several levels of membership available:

INDIVIDUAL - for businesses operating as sole traders, t/as and/or partnership

CORPORATE - for an entity of a company or corporate nature

For businesses, who are not sole traders, you should count the number of staff and choose the Corporate level of membership which applies. Only sole traders may apply for individual membership, so if you are an adviser who works for someone else, your company will need to hold the membership.

In all cases of individual or corporate membership who wish to be included in the Property Investment Adviser category, at least one person must be nominated to complete the QIPA® accreditation. We suggest, however that all advisers should hold this qualification.

QUALIFIED PROPERTY INVESTMENT ADVISER (QPIA®) - Any PIPA member may work toward obtaining the Qualified Property Investment Adviser industry award which carries the post nominal QPIA®. This post nominal is owned by PIPA and made available for the exclusive use of anyone who is a current member under one of the above full membership categories and who satisfy the following criteria;

  1. successfully completes the PIPA Accreditation Program;
  2. demonstrate a minimum of 2 years experience (within the last 5 years) in property or financial services industries; and
  3. completes compulsory professional development requirements annually

The accreditation belongs to the individual and is subject to satisfying the annual CPD requirements. QPIA® accredited individuals must be an employee, director or individual proprietor of a nominated entity who is a full financial member of PIPA to retain their QPIA® accreditation. QPIA® annual fees are in addition to other full membership categories for the nominated entity (individuals in transit between employers, businesses or otherwise must make application to PIPA to retain QPIA® accreditation).

QPIA® accredited individuals may use the QPIA® logo to distinguish themselves

 

How much does it cost to be a member?

Membership Level

Membership Fee
(per annum)

Classifications Individuals

Sole Trader/Individual

$250.00

1 Category

1 Individual listed

Corporate 1-10 (total staff)

$595.00

Up to 2 categories

Up to 2 individuals listed

Corporate 11-20 (total staff)

$1,100.00

Up to 4 categories

Up to 4 individuals listed

Corporate 21-50 (total staff)

$2,200.00

Up to 6 categories

Up to 6 individuals listed

Corporate 51-100 (total staff)

$4,400.00

Up to 8 categories

Up to 8 individuals listed

Corporate 100+ (total staff)

$6,600.00

Up to 10 categories

Up to 10 indviduals listed

Additional Fees (website search feature)

 $150.00 per

Additional category or
additional business location
under same category

Additional individual listing

QPIA Membership

$195.00

   

 

How do I apply?

Once you have determine the suitable membership level please click here to complete a membership application form.  Please make sure you have uploaded or emailed to info@pipa.asn.au all of the required supporting documentation.  Membership applications received without all this documentation cannot be processed.

 

What information do I need to provide?

You will need to provide PIPA with the following:

  1. A completed application form;
  2. Personal Details Sheet for ALL Directors;
  3. Personal Details Sheet for Nominated Person, if applying for the Property Investment Advisers category;
  4. Completed and signed Declaration and Privacy Consent forms;
  5. All Documentation demonstrating how all fees and commissions are disclosed to prospective clients, including disclosure of all related fees and commissions paid to all related or interested parties
    Note: PIPA is not seeking to understand the amounts of these commissions – this is private and commercial in confidence, PIPA just wants to a record of the documentation provided to the prospective client you are seeking to professionally service
  6. A copy of your Professional Indemnity insurance policy which covers your activities as stated on the application form;
  7. A copy of appropriate ID (eg drivers licence); and
  8. Payment of required fee.

 

Can I display the PIPA logo?

Upon successful application, you will be provided with the PIPA logo. The member business, company or sole trader will be able to display this logo on marketing material, business stationery, website, and presentation material.

 

Can I display the QPIA® logo once I am a member?

You may only display the QPIA® logo once you have applied for and been granted the QPIA® award. Unauthorised use of the QPIA® logo or claim to the award is not permitted.

 

Who approves the membership application?

Your application is processed by the Secretary of PIPA and either approved or rejected by the PIPA Board of Directors.

 

What happens if my application is rejected?

You may appeal the rejection by making a written submission to the PIPA Board of Directors within 30 days of being notified of the status of your application.

 

How long does it take to process an application?

You should allow between 7 and 14 days for your membership application to be processed.

 

 

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