The performance of expert valuation witnesses in Australia

Abstract

Earlier research in the UK found that the performance of expert valuation witnesses was inconsistent. This paper aims to examine the organisation, training and performance of the expert valuation witness in Australia. After reviewing the legal content, the paper examines the criticisms that have been made of expert witnesses and carries out survey work of expert valuation witnesses in Australia using a comparable survey instrument to that used earlier in the UK. The paper concludes .. that the current expert witness system is operating reasonably well in Australia, but that more formal training may help to overcome potential bias