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This is a Bill, not an Act. For current law, see the Acts databases.
South Australia
Valuation of Land (Notional Valuations) Amendment
Bill 2010
A BILL FOR
An Act to amend the Valuation of Land Act 1971.
Contents
Part 1—Preliminary
1 Short
title
2 Amendment provisions
Part 2—Amendment of Valuation of Land
Act 1971
3 Amendment of section 22A—Notional
valuations to be made in certain cases
The Parliament of South Australia enacts as
follows:
This Act may be cited as the Valuation of Land (Notional Valuations)
Amendment Act 2010.
In this Act, a provision under a heading referring to the amendment of a
specified Act amends the Act so specified.
Part 2—Amendment
of Valuation of Land
Act 1971
3—Amendment of
section 22A—Notional valuations to be made in certain
cases
(1) Section 22A(1)(b)(iii)—delete "and" and
substitute:
or
(2) Section 22A(1)(b)—after subparagraph (iii)
insert:
(iv) the owner of the land is—
(A) an association that holds the land wholly or mainly for the purpose of
playing cricket, football, tennis, golf or bowling or other athletic sports or
exercises; or
(B) an association that holds the land wholly or mainly for the purpose of
horse racing, trotting, dog racing, motor racing or other similar contests;
or
(C) an association that holds the land wholly or mainly for the recreation
of the local community,
and, under the Land Tax Act 1936, the land is declared by the
Commissioner (within the meaning of that Act) to be exempt from land tax on the
ground that the whole of the net income (if any) from the land is used in
furtherance of the objects of the association and not for securing a pecuniary
profit for the association or any of its members; and