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This is a Bill, not an Act. For current law, see the Acts databases.
RATES AND LAND TAX AMENDMENT BILL 2002
2002
THE LEGISLATIVE ASSEMBLY
FOR THE AUSTRALIAN CAPITAL
TERRITORY
(As presented)
(Treasurer)
Rates and
Land Tax Amendment Bill 2002
Contents
Page
2002
THE LEGISLATIVE ASSEMBLY
FOR THE AUSTRALIAN CAPITAL
TERRITORY
(As presented)
(Treasurer)
Rates and Land Tax
Amendment Bill 2002
A Bill for
An Act to amend the
Rates and Land Tax Act
1926
The Legislative Assembly for the Australian Capital Territory enacts as
follows:
This Act is the Rates and Land Tax Amendment Act 2002.
This Act commences on 1 July 2002.
Note The naming and commencement provisions automatically commence
on the notification day (see Legislation Act 2001, s 75).
This Act amends the Rates and Land Tax Act 1926.
4 ImpositionSection
13 (1)
omit
the operation of section 24A
substitute
sections 24A (Unit subdivisions) and 25 (Unit subdivisions—interim
rating system 2002-2003)
insert
13A Imposition—interim rating system
2002-2003
(1) Section 13 does not apply in relation to the year beginning
1 July 2002.
(2) For the year beginning 1 July 2002, rates are imposed for a parcel of
rateable land in accordance with the formula:
R × 1.029.
(3) In this section:
R means the rates that would, apart from subsection (1), be
imposed under section 13 for the parcel of land if the average unimproved
value of the parcel of land were taken to be the average unimproved
value of the parcel for the year beginning 1 July 2001.
(4) This section is subject to sections 24A and 25.
(5) This section expires on 1 July 2003.
(6) The Legislation Act 2001, section 88 (Repeal does not end
transitional or validating effect etc) applies to this section.
6 Imposition
and assessment of rates—certain parcels of land in city
areaSection 22GM (2)
omit
following subsection
substitute
following subsections
omit everything after
the following formula:
substitute

.
(3A) In this section:
AUV means the average unimproved value of the parcel of
land.
NRP means the percentage of the development or intended
development that is to be used for non-residential purposes, being the
percentage specified in a determination, or the latest of 2 or more
determinations, under section 22GL.
RP means the percentage, as so specified, of the intended
development that is to be used for residential purposes.’.
omit
section 22GM
substitute
section 22GM or 22GMA
insert
22GMA Certain parcels of land in city
area—interim rating system 2002-2003
(1) Section 22GM (2) does not apply in relation to the year beginning
1 July 2002.
(2) This section applies to a parcel of land if—
(a) it is a qualifying parcel of land in the city area; and
(b) the average unimproved value of the parcel of land for the year
beginning 1 July 2001 was greater than $19 000.
(3) For the year beginning 1 July 2002, rates are imposed for the parcel
of rateable land in accordance with the formula:
R × 1.029.
(4) In this section:
R means the rates that would, apart from subsection (1), be
imposed for the parcel of land under section 13, as applied by
section 22GM (2), if the average unimproved value of the
parcel of land were taken to be the average unimproved value of the parcel for
the year beginning 1 July 2001.
(5) This section expires on 1 July 2003.
(6) The Legislation Act 2001, section 88 (Repeal does not end
transitional or validating effect etc) applies to this section.
10 Imposition
and assessment of land taxSection 22GN (2)
(b)
omit
following subsection
substitute
following subsections
omit everything after
the following formula:
substitute
AUV × NRP.
(3AB) In this section:
AUV means the average unimproved value of the parcel of
land.
NRP means the percentage of the development or intended
development that is to be used for non-residential purposes, being the
percentage specified in a determination, or the latest of 2 or more
determinations, under section 22GL.’.
insert
25 Unit subdivisions—interim rating system
2002-2003
(1) This section applies to a parcel of land to which section 24A would,
apart from subsection (2), apply.
(2) Section 24A (3A) does not apply in relation to the year beginning
1 July 2002.
(3) For the year beginning 1 July 2002, rates are imposed for a unit that
is part of a parcel of land subdivided into units and common property in
accordance with the formula:
R × 1.029.
(4) In this section:
R means the rates that would, apart from subsection (2), be
imposed under section 13, as applied by section 24A (3A), if the average
unimproved value of the parcel of land were taken to be the average
unimproved value of the parcel for the year beginning 1 July 2001.
(5) This section expires on 1 July 2003.
(6) The Legislation Act 2001, section 88 (Repeal does not end
transitional or validating effect etc) applies to this section.
Endnote
Republications of amended laws
For the latest republication of amended laws, see
www.legislation.act.gov.au.
© Australian Capital Territory
2002
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