Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) The Minister must, before 21 October in each financial year, declare a rate payable in respect of each allotment for the financial year.
(2) The rate declared by the Minister in respect of an allotment may:
(a) be a fixed amount (a fixed charge ); or
(b) be calculated as a proportion of the assessed value of the allotment (a valuation-based charge ); or
(c) be a combination of:
(i) fixed charges; or
(ii) one or more fixed charges and a valuation-based charge; or
(d) differ from other rates in the prescribed area, depending on:
(i) where in the prescribed area the allotment is located; or
(ii) the class of allotment.
Example for subsection (2)(d)
If rateable land in a prescribed area is divided into small allotments (such as self-storage units or marina berths) because of a subdivision under the Unit Titles Act 1975 or the Unit Title Schemes Act 2009 , and the Minister considers it inequitable for the minimum charge that would otherwise be levied in respect of an allotment to be levied in respect of small allotments, the Minister may declare a different and lesser minimum charge for the small allotments.
(3) If the rate is a valuation-based charge, the Minister may declare a minimum amount (the minimum charge ) that may be levied as a rate in respect of an allotment.
(4) If an allotment is divided into parts or units that are adapted for separate occupation or use, a minimum charge may consist of a fixed amount to be multiplied by the number of separate parts or units.
Example for subsection (4)
If an allotment consists of a block of flats in separate occupation, the minimum charge could consist of a fixed amount to be multiplied by the number of flats in the complex.