Rodney Hyman AM

Member of the Order of Australia
Life Fellow Australian Property Institute
Chartered Machinery & Business Assets Valuer
Accredited Senior Appraiser American Society of Appraisers
RICS Registered Valuer
Certified Practising Valuer
Registered Tax Agent for valuations, Australian Taxation Practitioners’ Board

 

CAREER OVERVIEW

Rodney Hyman, over four decades, has been one of the leading names in asset management. A leading light in three industry bodies, including Chairman of the Machinery and Business Assets Faculty of the Royal Institution of Chartered Surveyors and Divisional Senior Vice President of The Australian Property Institute. He holds a range of qualifications as a valuer.

Rodney has only recently relinquished his role as a guest lecturer at the University of Western Sydney on the broad and diverse topic of valuations of machinery and equipment. The recognition of his expertise extends from being an Accredited Senior Appraiser of the American Society of Appraisers to Chartered Valuer (Royal Institution of Chartered Surveyors). Also, Rod was a member of the Australian Valuation Standards Board from 2005 - 2011.

Rod’s career commenced in the then family business of Associated Auctioneers and Valuers in 1970 where he progressed to Managing Director in 1979. Rod struck out with his brother Ian forming a new business in 1984 and built that business into a speciality plant and machinery valuation practice. Rod sold out to Ian in 1999 and commenced RHAS which over time became the largest plant and machinery valuation practice in Australia. In 2014 Rod sold that business to Aon Risk Services Pty Limited, a division of Aon Plc (one of the world’s largest insurance brokers and listed on the New York stock exchange).

Following the sale of RHAS Rod completed his contract with Aon and in 2016 commenced a boutique practice specialising in expert witness reports, complex valuations for tax and accounting and valuations of museums, galleries and libraries.

Highlights of Rod’s professional career

Advisor (current) and past board member of the International Conference on the valuation of Plant, Machinery and Equipment. This conference is the only international conference for plant and machinery valuers in the world and has been held in diverse locations including Kuala Lumpur, St Petersburg and Beijing. Rodney was the convenor of this conference in Sydney in 2002 and London in 2007.

• Chairman Machinery & Business Assets Faculty Board of the Royal Institution of Chartered Surveyors 2004-2008. Rodney was the first non-UK appointment to this position and also the longest serving. He was a board member from 2000.
• Member Australian Valuation Standards Board 2005 – 2011
• Divisional Councillor Australian Property Institute 1995-2007 and 2010-2012
• Treasurer NSW Division Australian Property Institute 1999-2001 and 2010-2011
• Member National Finance Board of the Australian Property Institute 2001-2005
• Member Oceania Property Board of the Royal Institution of Chartered Surveyors 2007-2012
• Co-convener and Chair 7th & 8th International Conferences on Plant Machinery and Equipment, Beijing 2011 and St Petersburg 2013
  
  

COMMUNITY SERVICE

Rodney has devoted his life to his community and has achieved a long list of appointments evidencing this commitment. The list includes:

• Foundation Director Disaster Relief Australia Ltd (DRA). 2016 to present and presently Deputy Chair. DRA unites the skills and experience of Australian Defence Force veterans and emergency responders to rapidly deploy disaster relief teams domestically and around the globe. This organisation now boasts disaster relief teams in every capital city in Australia and over 2,000 volunteers.
• Director of NSW Jewish Board of Deputies (the roof body for NSW Jewry) and chair of Community Relations Committee

In 2007 Rodney was elected a Life Fellow of the Australian Property Institute and in 2012 a Member of the Order of Australia for service to the plant and machinery valuation industry…. and to the community.

EXPERTISE

Rodney has extensive experience in the many areas of plant and machinery valuation including energy, infrastructure, transport, extractive industries, forestry and hospitality and specialises in litigation support. While these are his specialist areas, Rodney has undertaken significant work in every conceivable area related to non-real property assets.

Rodney also has extensive experience in the not for profit (NFP) sector and invariably has appointments to a number of boards and committees. As set out, Rodney is also heavily involved in his profession.

KEY EXPERTISE

• Expert Witness. In recent years Rodney’s practice has mostly comprised assignments as an expert witness or complex valuations for taxation.
• Developing methodologies for the valuation of multi-site valuations as a result of instructions to value more the 360 sites for Hanson in the early 2000’s
• Interpretation of state transfer duty laws and regulations in their application to the valuation of fixtures
• Developing methodologies for the valuation by sample of museums, galleries and libraries
• Advising the state government on the valuation of Aboriginal rock drawings

Rodney has solid experience as a company director over some 40+ years both in his own businesses and in the NFP sector.

INTERESTS

Over the years, Rodney has conducted a variety of charity auctions for organisations such as Variety Club and local community public and private schools. He has a particular interest in the area of plant and machinery valuation education, convening the 2002, 3rd International Conference on the Valuation of Plant, Machinery and Equipment in Sydney and the 5th conference in London in 2007. He continues as an adviser to the organising committee of this conference.

Overarching this Rodney believes that life has been good to him and therefore he has an obligation to give back to his community which he defines as family first and professional and community obligations second. Rodney recently celebrated his 50th wedding anniversary with his 3 children, spouses and 7 grandchildren!

Rodney is keenly sought as a speaker and has presented papers at conferences around the world as can be seen below. He is a keen follower of rugby although the Waratahs recent performance is making it hard to maintain his enthusiasm. He enjoys Symphony, Opera and theatre and is a keen member of the NSW Art Gallery.

PAPERS

• How to Value a Submarine, Australian Property Journal, 1995
• The valuation of Aboriginal Rock Art in situ, Australian Property Journal, March 2008
• Estimating deterioration and physical obsolescence of plant and equipment using a modified age/life formula, jointly written with Alexander Lopatnikov ASA, Moscow, Published M&E Journal of the ASA 2019
• Bending Cost – Does it Work, jointly written with Alexander Lopatikov ASA, Moscow, Published M&E Journal of the ASA, 2020
  
  

AFFILIATIONS, ACCREDITATIONS & PRESENTATIONS

• Member of the Order of Australia, 2012
• Life Fellow Australian Property Institute, 2007
• Fellow Royal Institution of Chartered Surveyors, 2006 (Member 1999)
• Fellow New Zealand Property Institute, 2005-2018 (retired from NZ business 2018)
• Accredited Senior Appraiser of the American Society of Appraisers, 2009
• RICS Registered Valuer
• Registered Plant and Machinery Valuer, New Zealand (retired from NZ business 2018)
• Certified Practising Valuer since 1996
• Member Australian Valuation and Property Standards Board 2005 – 2011
• Speaker, Australian Family Lawyers’ Conference, Noumea 2015
• Co-convener and Chair International Conference on the Valuation of Plant, Machinery and Equipment, Beijing 2011
• Speaker 11th International Conference on the Valuation of Plant Machinery and Equipment, Auckland 2019
• Co-convener and Speaker, Australian Family Lawyers’ Conference, Singapore 2011
• Divisional Councillor Australian Property Institute 1995-2007 and 2010-2012
• Treasurer NSW Division Australian Property Institute 1999-2001 and 2010-2011
• Speaker RICS Plant and Machinery Valuation Conference, Leeds, England 2008
• Speaker 3rd International Conference on the Valuation of Infrastructure, Bangkok 2008
• Chairman Machinery & Business Assets Faculty Board of the Royal Institution of Chartered Surveyors 2004-2008
• Speaker Australian Property Institute, Plant & Machinery Valuation Conference August 2008
• Member Oceania Property Board of the Royal Institution of Chartered Surveyors 2007-2012
• Convener 3rd & 5th International Conferences on Plant, Machinery and Equipment Valuation, Sydney 2002 and London 2007
• Chair 7th & 8th International Conferences on Plant Machinery and Equipment, Beijing 2011 and St Petersburg 2013
• Speaker 5th International Conference on Plant and Machinery, London 2007
• Speaker RICS Plant and Machinery Valuation Conference, Oxford, England 2006
• Speaker National Family Law Conference, Perth 2006
• Member National Finance Board Australian Property Institute 2001-2005
• Speaker Albury-Wodonga Valuers’ Group 27th Annual Conference, 2005
• Speaker, Family Law Intensive, Sydney 2004
• Speaker National Family Law Conference, Gold Coast 2004
• Speaker, Law Intensive, Melbourne 2003
• Speaker, Law Intensive, Hunter Valley 2003
• Co-convenor and Presenter, Australian Lawyers Conference, Fiji 2003
• Inaugural convenor and lecturer, Professional Certificate in the Valuation of Plant and Machinery, Sydney 2003 – 2012 (UTS/API)
• Inaugural Convenor and Lecturer, Advanced Professional Certificate in the Valuation of Plant and Machinery, Sydney 2003 – 2012 (UTS/API)
• Lecturer Master of Property, University of NSW 2002 - 2005
• Senior Vice President NSW Division Australian Property Institute 2001-2002
• Speaker 10th National Australian Family Law Conference, Melbourne 2002
• Member Machinery & Business Assets Faculty Board of the Royal Institution of Chartered Surveyors since 2001
• Guest Lecturer at University of NSW 1998-2000
• Speaker 2nd International Conference on Plant, Machinery and Equipment Valuation, Kuala Lumpur 2000
• Speaker 16th Congress of the International Federation of Hospital Engineering, Sydney 2000
• Member Valuers’ Professional Board Australian Property Institute 1995-2000
• Speaker 9th National Australian Family Law Conference, Sydney 2000
• Speaker Family Law conferences at Leura 1996, Bowral 1997 and Terrigal 1999
• Guest Lecturer at University of Western Sydney 1998-2018
• Member National Education Committee Australian Property Institute 1996-1998
• Board member Auctioneers and Valuers Association of Australia 1977-1982
• Member of the Litigation Division, Law Council of Australia
• Justice of the Peace
• Speaker Australian Lawyers Conferences Hong Kong, Bali, Phuket, Fiji, Tahiti and Singapore (1994, 1995, 1996, 1997, 2001, 2003, 2006, 2009 and 2011)