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STATE TAXATION LEGISLATION (MISCELLANEOUS AMENDMENTS) ACT 2006 (NO 84 OF 2006) - SECT 9

New section 19 substituted and section 20 repealed

For sections 19 and 20 of the Land Tax Act 2005 substitute

        '19.     Taxable value of land

    (1)     The taxable value of land for a tax year is an amount equal to the site value of the land as at the relevant date.

    (2)     The "relevant date" for land within the municipal district of a municipal council is—

        (a)     subject to paragraph (b), the date as at which rateable properties within the municipal district were valued for the purposes of the last general valuation returned to the municipal council before 1 January in the tax year;

        (b)     if the land has been valued for the purposes of a supplementary valuation after the return date of the last general valuation referred to in paragraph (a) but before 1 January in the tax year, the return date of the supplementary valuation.

    (3)     If land is not within a municipal district of a municipal council, the "relevant date" for the land is 31 December in the year immediately preceding the tax year.'.



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