The New Zealand Institute of Valuers (NZIV) was formed in 1938, and given a statutory role in 1948 with the passage of the Valuers Act 1948.
Section 10 of the Valuers Acts sets out the key functions of NZIV:
- to promote and encourage ethical conduct among valuers and other members of the Institute; and
- to preserve and maintain the integrity and status of valuers and other members of the Institute generally; and
- to provide opportunities for the acquisition and communication of knowledge in relation to the valuing of land and related subjects; and
- to consider and suggest amendments to the law relating to the valuing of land and related subjects; and
- to provide means for the amicable settlement of professional differences; and
- to protect and promote the interests of the profession of valuing and the interests of the public in relation to valuations of land and related subjects.