(1)  In a financial year beginning on 1 July 1998 or on 1 July in any subsequent year, the amount of land tax payable in respect of rural land where the rural land is used partly for primary production purposes and partly for other purposes is calculated, for the part used for purposes other than primary production purposes, in accordance with Schedule 1 according to the apportioned assessed land value of that part as determined under section 21AB of the Principal Act.

(2)  In a financial year beginning on 1 July 1998 or on 1 July in any subsequent year, no land tax is payable in respect of that part of rural land that is used for primary production purposes.