Commonwealth Numbered Regulations

INCOME TAX ASSESSMENT (1997 ACT) REGULATIONS 2021 (F2021L00206) - REG 31.15.01

                   For the purposes of section 31-15 of the Act, this Division sets out:

                     (a)  the procedure for seeking a valuation from the Commissioner of the change in the market value of the land mentioned in that section; and

                     (b)  the amounts that the Commissioner may charge for making the valuation; and

                     (c)  arrangements for payment of those amounts.

Note:          Section 31-15 of the Act applies to a person who enters into a conservation covenant over land owned by the person, if the conditions mentioned in subsection 31-5(2) of the Act are met.