(1) In this section
—
residential equivalent value has the same meaning
as it has in section 28(7) of the Land Tax Assessment Act 2002 .
(2) The
Valuer-General, on the request of the Commissioner of State Revenue in respect
of any land, shall determine the residential equivalent value of the land.
(3) Part II and Part
IV apply to a valuation made under subsection (2).
[Section 31B inserted: No. 22 of 1998 s. 11(2);
amended: No. 45 of 2002 s. 26(2).]
[Heading amended: No. 55 of 2004 s. 1264.]