Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts5. Section 13 of the Principal Act is amended by omitting subsections (1) and (2) and substituting the following subsections:
“(1) The rate of 1.125% per annum of the unimproved value of a parcel of land is imposed for a year in respect of every parcel of rateable land in the City Area, other than a parcel of prescribed land.
“(2) The rate of 0.5625% per annum of the unimproved value of a parcel of land is imposed for a year in respect of every parcel of rateable land that is outside the City Area or that is prescribed land.”.