LAND
TAX ABOLITION
No.
85 of 1956.
An Act to amend the Land Tax Abolition Act 1953.
[Assented to 8th November, 1956.]
BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the
House of Representatives of the Commonwealth of Australia, as follows:—
Short title and citation.
1.—(1.) This Act may be cited as the Land
Tax Abolition Act 1956.
(2.) The Land Tax Abolition Act 1953, as amended by this Act, may
be cited as the Land Tax Abolition Act 1953–1956.
Commencement.
2. This Act shall come into operation on the day
on which it receives the Royal Assent.
3. After section two of the Land Tax
Abolition Act 1953 the following section is inserted:—
Effect of charge on land.
“3. Where land that is subject to a charge in respect of unpaid land tax
by virtue of section fifty-six of the Land Tax Assessment Act 1910–1952
is, on or after the date of commencement of this section, purchased by a bona
fide purchaser for value, the charge does not have effect as against the
purchaser unless, at the time the land is so purchased—
(a)the charge is registered in
relation to the land in accordance with sub-section (2.) of that section; or
(b