The Chambers of Commerce have as their core function, the facilitation of ease and swiftness in the trade environment in Sydney. They are the pioneers of international trade and development activities. They help businesses succeed in their respective regions and also in the international markets. Chambers of Commerce attempt to influence legislation, taxation and economic policy in order to assist in weaving a healthy business environment. They give expert advice and guidelines, and supervise the auditing, goods inspection and Sydney Valuers . They also give basic information and member services that allows the new industry members to have their say on the platform, get assistance in starting up new companies and run various projects that also require property value reporting.
The Chambers of Commerce have as their vision a prosperous and thriving Sydney region which offers its citizens the best possible living space environment. They have a primary role to play in stipulating the standards to be followed by registered valuations experts who perform property value activities in Sydney. Chambers of Commerce via forming the property valuation boards discharges their duties to design the code of ethics that professional valuers have to follow to undertake property value services in Sydney.
Broadly the Chambers of Commerce works on defining the objectivity, confidentiality and professional behavior that the valuers must practice. They focus on stating that the valuers must not act for two or more parties in the same subject case matter, he or she must also completely maintain the confidentiality of their case when working on property value activities. Chambers also at times act in stipulating the minimum qualifications that the valuers must hold so as to be eligible to work as authorized and registered valuers e.g. the importance of continuous education in the profession of property value in Sydney. They also maintain if the extensive work experience needs to be complimented with applicable degree or not.
On the other side, the Chambers of Commerce also act in directing the local councils in shaping the taxes to be levied in that case of steep rises in property value in Sydney. They play a vital role in managing the entire spectrum of property value affairs e.g. capping the councils’ capacity to increase service rates for property value taxes depending only upon elevated service improvements.