New South Wales Consolidated Acts

VALUATION OF LAND ACT 1916 - SECT 14BBB

14BBB How apportionment factor is determined

(1) The apportionment factor is the proportion (expressed as a percentage) that the rental value of the part of that land that is occupied or used for non-residential purposes bears to the rental value of the mixed use land as a whole.

(2) Rental values are to be ascertained in relation to a rating or taxing authority--

(a) as at the 1 July by reference to which the land was valued for the purposes of the valuation list for that authority current at the time the land became mixed use land, and

(b) as at the 1 July by reference to which the land has been valued for the purposes of any subsequent valuation list for that authority.