Australian Capital Territory Numbered Acts

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REVENUE LEGISLATION AMENDMENT ACT 2017 (NO 2) (NO. 11 OF 2017) - SECT 12

Section 27 (4) to (7)

substitute

    (4)     If a unit that is part of a unit subdivision is owned by someone other than a corporation or trustee, and the unit contains multiple dwellings, and at least 1 of the dwellings is rented by a tenant—the amount worked out for the unit is as follows:

2017-1102.jpg

    (5)     If a unit that is part of a unit subdivision and that is not rented is owned by either a corporation or trustee, and another person who is neither a corporation nor a trustee—the amount worked out for the unit is as follows:

2017-1103.jpg

    (6)     If a unit is part of a unit subdivision, and subsections (4) and (5) do not apply—the amount worked out for the unit is as follows:

2017-1104.jpg

    (7)     In this section:

"AI" means the value of all interests in the unit.

"AUV"—see section 9 (4).

"AUVRU" means the AUV of the parcel proportionate to the number of residential units in the parcel, worked out as follows:

2017-1105.jpg

"AUVRUP" means the AUVRU adjusted by the applicable percentage rate, worked out as follows:

2017-1106.jpg

"C&TI" means the value of all interests in the unit held by corporations and trustees.

"dwelling" does not include a garage, carport, garden shed, veranda, pergola, patio or any other structure not used for living in.

"FA" means the floor area of the dwelling that is rented.

"FC"—see section 9 (4).

"P"—see section 9 (4).

"residential unit "means a unit that is residential land.

"TFA" means the total floor area of the unit.

"TUE "means the unit entitlement of all the units in the units plan.

"TUER "means the total unit entitlement of all the residential units in the units plan.

"UE" means the unit entitlement of the unit.

"unit entitlement"—see the Unit Titles Act

, section 8.

"units plan" means a units plan under the Unit Titles Act

, section 7.



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