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This is a Bill, not an Act. For current law, see the Acts databases.
RATES AMENDMENT BILL 2005
2005
THE LEGISLATIVE ASSEMBLY
FOR THE AUSTRALIAN CAPITAL
TERRITORY
(As presented)
(Treasurer)
Rates Amendment Bill
2005
A Bill for
An Act to amend the
Rates Act
2004
The Legislative Assembly for the Australian Capital Territory enacts as
follows:
1 Name of Act
This Act is the Rates Amendment Act 2005.
2 Commencement
This Act commences on 1 July 2005.
Note The naming and commencement provisions automatically commence
on the notification day (see Legislation Act, s 75 (1)).
3 Legislation amended
This Act amends the Rates Act 2004.
4 Section 14
substitute
14 Imposition of rates
(1) Rates of the fixed charge are imposed for a parcel of rateable land
that has an average unimproved value of the threshold amount or less.
(2) Rates are imposed for a parcel of rateable land that has an average
unimproved value of more than the threshold amount in accordance with the
following formula:
FC + ((AUV - TA) × P)
(3) In this section:
AUV means the average unimproved value of the
parcel.
FC (or fixed charge) means the fixed charge determined under
the Taxation Administration Act, section 139 for the parcel.
P means the percentage rate determined under the Taxation
Administration Act, section 139 for the parcel.
TA (or threshold amount) means the threshold amount
determined under the Taxation Administration Act, section 139 for the
parcel.
Note Different fixed charges, amounts, or percentage rates may be
determined for residential, commercial or rural land (see Legislation Act, s
48).
Endnotes
1 Presentation speech
Presentation speech made in the Legislative Assembly on 2005.
2 Notification
Notified under the Legislation Act on 2005.
3 Republications of amended laws
For the latest republication of amended laws, see
www.legislation.act.gov.au.
© Australian Capital Territory
2005
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