Queensland Consolidated Acts

LAND VALUATION ACT 2010 - SECT 51

51 Provisions for when discounted valuation period ends

(1) This section applies for the relevant parcel on and from the day the discounted valuation period under section 50 ends.

(2) For the local government legislation, a change in the relevant parcel’s value is taken to have had effect on that day.

(3) For the making and levying of rates on the relevant parcel on and from that day—

(a) its previous value is its value as discounted under section 50 (2) ; and

(b) its new value is its value without regard to the discount.