QV Australia is contracted to the New South Wales Valuer General to supply valuations for rating and taxation purposes within a number of local government areas in New South Wales.

The valuations are made in accordance with the requirements of the Valuation of Land Act 1916. This Act requires the assessment of land values, as at 1 July each year.

Each Council receives updated valuations on a cyclical basis and uses these values as the basis for rates. Landowners are advised of these valuations through a Notice of Valuation, which is issued by the Valuer General.

In 2009 we entered the Victorian market and have contracts with individual councils and with the Valuer General Victoria. The valuations are made under the Valuation of Land Act 1960 and subsequent Victorian Government Valuations standards and guidelines.

In addition, the Office of State Revenue, receives updated valuations annually for all land tax liable land, and uses these valuations for assessments of land tax.