Utilities come to grips with new rating basis

Utility companies are facing up to new compliance costs as more territorial authorities commission valuations as a basis for rating their assets such as power lines and gas pipes.

Companies like Telstra, Telecom and Natural Gas Corporation have paid rates on utilities in Auckland City for many years but rating valuation rules were gazetted last year requiring all local bodies to rate utilities.

Quotable Value has picked up much of the valuation work for councils like Christchurch City but smaller specialists such as Valnet have carried out much of the recent work in the greater Auckland area and several mid-North Island territorial authorities. A tender has been invited for the valuation work in Invercargill that is expected to be carried out next year.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PYS - PaySauce to announce F26 full year results on 27 May 2026
PEB - Draft LCD Proposes Medicare Coverage for Triage and Triage
MEL - Meridian Energy monthly operating report for April 2026
FBU - Sale of South Australian property
AIR - Air New Zealand market update
May 14th Morning Report
PEB - Pacific Edge Placement Increased to NZ$25.4 Million
Radius Care Reports Earnings Growth and 50% Higher Dividend
May 13th Morning Report
Pacific Edge launches capital raise of NZ$24 million