On 17 January 2012 the ATO published a “Valuation issues paper” in collaboration with the Australian Property Institute and the AVO.  The Issues Paper was prepared in conjunction with the Australian Property Institute and the AVO and it seeks to outline the ATO’s position on a number of recurring issues with regard to non-complying valuations.

The paper can be accessed here through the ATO website, but the paper does not appear to be available as a stand alone document.  For ease of reference I have collated the various parts of the paper and it can be accessed here.