New South Wales Consolidated Acts

LAND TAX MANAGEMENT ACT 1956 - SECT 10S

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.