Queensland Numbered Acts

REVENUE AND OTHER LEGISLATION AMENDMENT ACT 2007 No. 29 - SECT 15

(1) Section 3, definition relevant unimproved value--

omit.

(2) Section 3--

insert--

'capped value see section 3G(3).

relevant unimproved value of land, for a financial year, means--

(a) if section 3G applies--the capped value of the land for the financial year; or

(b) otherwise--the lesser of the following--

(i) the unimproved value of the land that applies for the financial year;

(ii) the averaged unimproved value of the land for the financial year.'.