Commonwealth Consolidated Regulations

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INCOME TAX ASSESSMENT (1997 ACT) REGULATIONS 2021 - REG 31.15.08

Valuation certificates

  (1)   If the Commissioner completes the valuation, the Commissioner must give a valuation certificate to the applicant for the valuation.

  (2)   The Commissioner must approve, in writing, one or more forms of a valuation certificate for the purposes of subsection   (1).

  (3)   The certificate must include the following information:

  (a)   the date on which the valuation was completed;

  (b)   a description of the land (including a lot and plan number, title reference and the location of the land);

  (c)   a statement of the market value of the land immediately before the conservation covenant was entered into;

  (d)   a statement of the market value of the land immediately after the conservation covenant was entered into;

  (e)   a statement of the difference between the market values mentioned in paragraphs   (c) and (d);

  (f)   a statement of the extent to which the difference mentioned in paragraph   (e) is attributable to the conservation covenant being entered into.

  (4)   The certificate may include other information.

  (5)   The Commissioner must not give a valuation certificate to the applicant until:

  (a)   the valuation has been completed; and

  (b)   the Commissioner has received the full amount of the charge payable for making the valuation.



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