New South Wales Consolidated Acts
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LAND TAX MANAGEMENT ACT 1956 - SECT 10S
Tax liability in respect of certain housing schemes
10S Tax liability in respect of certain housing schemes
(1) In this section--
"eligible land" means-- (a) land owned by N.S.W. Housing No. 1 Pty. Limited
that the Chief Commissioner is satisfied is the subject of an arrangement
known as the Public Equity Partnership Arrangement in which the New South
Wales Land and Housing Corporation is a participant,
(b) land of which the
trustee of the FANMAC Pooled Superannuation Trust No. 1 is an owner and which
the Chief Commissioner is satisfied is the subject of a scheme known as the
Rent/Buy Scheme in which the New South Wales Land and Housing Corporation is a
participant.
(2) Land is exempt from taxation under this Act if the land is
eligible land.
(3) This section applies in respect of the year commencing 1
January 2006 and any succeeding year.
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