TVA - Corporate Profile

The Industries

Today, Tasmanian Valuers & Auctioneers Pty Ltd is an active participant for clients in a variety of industries including:

  • Mining
  • Agricultural
  • Forestry, Joinery and Sawmill
  • Banking and Finance
  • Automotive and Marine
  • Engineering
  • Merchandise
  • Heavy Machinery
  • Fishery and Seafood
  • Catering
  • Horticultural
  • Australian Meat
  • Commercial Real Estate
  • Antiques and Collectables
  • Office and General Furniture

Company Overview

The Tasmanian Valuers & Auctioneers Pty Ltd formally Webster Auctions which was established in Tasmania in 1967 to offer a comprehensive range of plant and machinery valuation and disposal service to clients. The group is one of the oldest and one of the largest plant and machinery valuation and auction practices in Tasmania and employs staff located across Tasmania. Tasmanian Valuers & Auctioneers Pty Ltd is a Corporate Member of the Auctioneers and Valuers Association of Australia, and is one of few plant and machinery valuations firms in Tasmania employing a Certified Valuer of the Auctioneers and Valuers Association of Australia (Plant and Machinery) on its staff.

Tasmanian Valuers & Auctioneers Pty Ltd provide a full range of valuation services for all types of plant and equipment to meet the specific needs of its clients. Whether a valuation is required for insurance purposes, to meet accounting standards, company law purposes, financial reporting, capital gains tax, sale, merger or acquisition, mortgage / finance / lease security, or to support a company float. Tasmanian Valuers & Auctioneers Pty Ltd offer the industry recognised qualifications, experience, and back up. These professional qualities and knowledge guarantee accurate and timely reporting to clients. Our client list includes major and minor private and public companies, leading Chartered and CPA accounting firms, financial institutions, the banking industry, Commonwealth and State Government Departments, authorities and local council municipalities.

Tasmanian Valuers & Auctioneers Pty Ltd is a totally independent valuation / auction practice and is not involved in private brokerages or trade in plant and machinery. This impartiality coupled with the fact that when we are involved in the disposal of plant and machinery we only act in the capacity of consignment auctioneers to ensure no potential conflicts of interest can or will arise. Tasmanian Valuers & Auctioneers Pty Ltd are Tasmania's representative for Various National Firms.

Range of Services

Tasmanian Valuers & Auctioneers Pty Ltd offer the following services:

  • Sale of Residential Realty;
  • Sale of Commercial Realty;
  • Valuations of plant and equipment and inventory;
  • Fixed asset stock takes and assistance in the establishment and maintenance of asset registers; and
  • Disposal services by way of public auction, public tender or private treaty sale, at either a client's site or within our Tasmanian auction office located in Latrobe.

The TVA Auction Service

Auction services can be provided both within TVA's on-site auction facility or alternatively at your premises. The choice of location for an auction sale will depend on a number of factors including the quality and quantity of items, site security, site/premises layout, labour issues, business interruption concerns, freight and labour costs. We take all these factors into consideration when advising you on the most appropriate location for an auction sale. Should either an onsite or room auction be required, the experience, depth of qualifications and total commitment of all TVA personnel will ensure you the best possible net return.

ONSITE AUCTIONS

Our onsite computer links provide rapid access to information and documentation. As you would expect our concern with security and the efficient remittance of the proceeds of sale are paramount.

ROOM AUCTIONS

We provide regular auctions at our Latrobe Auction facitlity.

TENDER PROCESS

Tasmanian Valuers & Auctioneers Pty Ltd experienced Real Estate commercial consultants will co-ordinate entire tendering marketing campaigns. The campaign packages will include overviews and strategies dealing with the issues of valuation, inventories, histories, viability, advertising schedules, business trading accounts, screening of potential purchasers, completing and settling purchase agreements, disbursing funds, closure reports.

AUCTION PROCESS

In organising an auction we handle everything for you:- collection of items, valuation of items, arrangement of lots into appropriate categories; preparation of catalogues; direct target publicity to potential buyers (through our extensive mailing lists and media advertising); the auction itself; supervision of goods collection and delivery days to buyer; collection and accounting for proceeds; calculation, collection and remittance of Goods and Services Tax (when applicable); remittance of net proceeds. Tasmanian Valuers & Auctioneers Pty Ltd has been at the forefront of the development of computer systems for auctions. All accounting processes within the auction function are computerised (from the catalogue to the remittance advice), providing vendors with instant access to running totals on auction day together with the relevant documentation.

SALES PROCEEDS

All proceeds realised at either a site or room auction are immediately banked into our trust account maintained with the Bendigo Bank. Funds are remitted to vendors net of costs and commission within ten working days following auction day. Funds are settled by way of Tasmanian Valuers & Auctioneers' Pty Ltd cheque. A vendor also receives with their payment a computer generated detailed break down by lot of all goods sold.

Valuation Qualifications

The AVAA was established in 1952 and is one of Australia's leading professional valuation organisations. Membership is restricted to only those persons who meet annual accredited continuous professional development requirements. As a client of Tasmanian Valuers and Auctioneers Pty Ltd you are protected by a strong code of ethics, designed and enforced by the AVAA and approved by the Trade Practices Commission, which provides disciplinary measures in the event of breaches by members.Our team valuers have personal accreditation by the AVAA; this and our own internal training coupled with strict quality control procedures ensure the highest levels of professionalism and accuracy of reporting.

Experience

We have extensive valuation experience in the following industries to name but a few:

  • Civil Contracting
  • Road
  • Production Processing
  • Heavy & Light Engineering
  • Mining & Extractive Industries
  • Fishing
  • Agricultural
  • Hospitality
  • Timber & Woodworking
  • Transport
  • Construction
  • Meat Processing
  • Chemical & Petrochemical Industries
  • Computers
  • Food & Beverage Industries
  • Hospitality and Nursing Homes
  • Railway Rolling Stock
  • Antiques

Basis Of Valuation

Valuations can be provided for single items or complete multi-site facilities under each or all of the following bases:

  • Replacement / Reinstatement Value;
  • Fair Market Value;
  • Existing Use Value (Going Concern)
  • Auction Realisable Value; and / or
  • Forced Sale Value;
  • Deprival Value;
  • Net Present Value;

Reporting

Our valuations are prepared as a sequential, detailed inventory of plant and equipment, divided into individual areas and subtotalled into departments. Each line item in the valuation has along side its attendant value, dependent upon basis of valuation. Where available both model and serial numbers are included allowing for more positive identification. A valuation report comprises, a title page, letter of report setting out totals, matters effecting the valuation along with comments felt by the valuers to be of importance to you, the basis of valuation. A complete copy of the valuation can also be provided on computer disc when required. The aide entities in the preparation of sale memorandums we can also provide complete valuations without figures for incorporation into sales packages.

Other Services

The following additional services can be provided:

  • Asset Identification Stock Takes;
  • Establishment of Review of Asset Registers;
  • Asset Disposal and Rationalisation Advice;
  • Asset For Sale By Private Treaty and / Or Public Tender;
  • Advice to Vendors and Purchasers on Plant and Machinery Transactions;
  • Reports For Arbitration
  • Quantity Surveying
  • Fixing Internet Hire Rates For Plant And Equipment
  • Bar Coding of Assets

Major Valuation & Auction Work Completed

  • Tasmanian Perpetual Trustees
  • Tasmania Development & Resources
  • Paul Cook & Associates
  • BK Hamilton & Associates
  • Trident Pty Ltd
  • Price Waterhouse
  • I.T.S.A.
  • Hydro Electric Commission
  • Savage River Mines
  • OZ mines
  • Blue Stone Mines
  • Van Dieman Mines
  • Hellyer Mines
  • Australian Bulk Minerals
  • Coles Myer
  • Tas Pallets Sawmill
  • Blue Ribbon
  • Australian Paper
  • Amcor
  • National Australian Bank
  • Commonwealth Bank Australia
  • Bank Of Queensland
  • Bendigo Bank
  • ANZ Bank
  • Westpac Bank
  • Commonwealth Development Bank - CBFC
  • Bank West
  • GE Finance
  • GIO Aust.
  • Esanda Finance
  • CapitalCorp Finance
  • SMA Finance
  • Edgell Birdseye (Simplot)
  • Fletcher Constructions
  • BDO
  • Coopers Lybrand
  • DAS
  • Purchasing Aust.
  • TAFE Tasmania
  • University of Tasmania
  • Douglas Parker Rehabilitation Centre
  • Gunns Timber
  • Carter Holt Harvey
  • Chas Kelly Transport
  • Hazells Pty Ltd
  • Signmakers
  • Launceston City Council
  • Burnie City Council
  • Boral Australia
  • Weller Engineering
  • Manettas Seafood
  • Hobart City Council
  • Southern Pacific Industries
  • Orex Finance
  • Household Financial Services
  • Page Medical Supplies
  • Northern Engineering Pty Ltd
  • Coates Hire
  • Tasmanian Police Service
  • Nipper Cleaning Services
  • North West Regional Water Authority
  • Richardson's Harley Davidson
  • Dept. Community & Health Services
  • Colonial Bank
  • Banjo's Bakeries
  • Baker's Delight
  • JJ Bakery Cafe`
  • Westland Nurseries
  • Southern Wholesales Nursery
  • Tas Technology Centre
  • Devonport High School
  • Cox Miller & Robinson, etc
  • Ferrier Hodgson
  • Carson & McLellan
  • Petite Hire
  • North Forest Products
  • Purity Supermarkets
  • Fosseys (Coles Myer Group)
  • Derby Products Pty Ltd
  • Britton Brothers Timber

Valuation Projects

One of the important roles in consideration of an auction sale is to accurately identify and describe each item to be sold for potential purchasers, and to attribute an estimated market value to each item to enable the department to ascertain accurately how much money they can expect to realise out of the auction sale. Tasmanian Valuers & Auctioneers Pty Ltd have a valuer accredited by the AAVA.

Insurances

We can supply with ease a copy of the certificate of currency of policy from our insurance company with regards to Workers Compensation Insurance. We further advise that similar certificate relating to public risk and professional indemnity insurance is also readily available to be included in the final contract, if so required.

Final Comment

Tasmanian Valuers and Auctioneers Pty Ltd are confident of our ability to provide superior service to our clients. Our efforts for the vendor are dedicated to this end. We look forward to future discussions in relation to this package, and are willing to further explain and expand on the contents of this submission.

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Contact Us

  • Latrobe, Tasmania
  • 1800 808 197
  • mail@tva.net.au
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