|
Quotable Value Ltd (QV)
Quotable Value Limited (QV) is a State-owned enterprises of New Zealand, 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. It was formed out of a former government department, Valuation New Zealand. The original department's main role was the establishment of land values for local authority Rates (tax), rating purposes. As part of reforms associated with its corporatisation, local authorities were permitted to choose their own valuers, requiring QV to compete. QV became a state-owned enterprise in January 2005 and continues in government ownership. Services QV's main services include: * t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Owned Enterprise
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and develo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |