Australian Capital Territory Numbered Acts

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RATES AND LAND TAX (AMENDMENT) ACT (NO. 33 OF 1993) - SECT 5

Imposition

5. Section 22A of the Principal Act is amended—

    (a)     by omitting subsection (2) and substituting the following subsection:

“(2) For the purposes of subsection (1), the appropriate rate is—

        (a)     the percentage rate per annum that is applicable to a portion of the unimproved value of a parcel of land in accordance with the following table:

    Unimproved value of parcel

    Applicable rate

    So much as does not exceed $100,000

    1.0%

    So much as exceeds $100,000 but does not     exceed $200,000

    1.25%

    So much as exceeds $200,000

    1.5%

        ; and

        (b)     if land tax assessed in respect of a parcel of land is not paid on or before the due date for payment of that tax—the determined percentage per annum of the amount so assessed.”; and

    (b)     by omitting from subsection (4) “subsection (3)” and substituting “paragraph (2) (b)”.


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