Quotable Value Limited

Quotable Value Limited
State owned enterprise
Founded 2005
Headquarters Wellington, New Zealand
Key people
Kay McKelvie(Chair)
Bill Osborne(CEO)
Products Property information and valuation services
Website www.qvgroup.qv.co.nz

Quotable Value Limited (QV) is a state-owned enterprise of the New Zealand government. Its main commercial operations are the provision of full market valuations.

History

QV was originally established as a Crown-owned company on 1 July 1998 as Quotable Value New Zealand Limited.[1][2] It was formed out of the former government department, Valuation New Zealand.

The original government department's main role was the establishment of land values for local authority rating purposes. As part of the reforms associated with its corporatisation, local authorities were permitted to freely contract their valuation services [3] requiring QV to compete.

QV became a state-owned enterprise in January 2005 [2] and continues in government ownership.

Services

QV's main services include:[4]

QV operates under the QVV, QVR, Darroch and QV Online brands in New Zealand, and uses the Egan and QVA brands in Australia.

References

This article is issued from Wikipedia - version of the 8/22/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.