Land Tax Act Amendment Act 1968 (Qld)

227 (1 Ugznilzw^ ANNO SEPTIMO DECIMO ELIZABETHAE SECUNDAE REGINAE No. 27 of 1968 An Act to Amend The Land Tax Acts 1915 to 1966 in certain particulars [ASSENTED TO 11TH NOVEMBER. 19681 BE IT ENACTED by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows:- 1. Short title and citation . (1) This Act may be cited as the Land Tax Act Amendment Act 1968. (2) The Land Tax Act of 1915, as subsequently amended from time to time, is in this Act referred to as the Principal Act. (3) The Principal Act as amended by this Act may be collectively cited as the Land Tax Act1915-1968. 2. Commencement of Act. This Act shall be deemed to have come into operation on the twenty-ninth day of June, one thousand nine hundred and sixty-eight and shall have retrospective effect accordingly. 3. Amendment of s. 11 . Section 11 of the Principal Act is amended- (a) by omitting the words " nine thousand pounds " (wherever occurring) and inserting in their stead in each case, the words " twenty-one thousand dollars "; and (b) by omitting the words " three thousand pounds (wherever occurring) and inserting in their stead in each case, the words " seven thousand dollars ".

228 Land Tax Act Amendment Act 1968, No. 27 4. Amendment of s. 16. Subsection (1) of section 16 of the Principal Act is amended by omitting the paragraph beginning with the words " For the purposes of the assessment " and ending with the words " as are required by the Commissioner: " and inserting in its stead the following paragraph:- I For the purposes of the assessment and levy of land tax, every owner of land of the unimproved value of (a) in the case of an owner who is an absentee or a company, one thousand five hundred dollars or upwards; and (b) in the case of an owner other than an owner to whom paragraph (a) of this paragraph applies, eight thousand five hundred dollars or upwards, shall in each financial year, in the prescribed manner and within the prescribed time, furnish a return setting forth a full and complete statement of all lands owned by him at midnight on the thirtieth day of June then last past and of the unimproved value of every parcel thereof with such other particulars as are required by the Commissioner: ". 5. Amendment of s. 18 . Subsection (3) of section 18 of the Principal Act is amended by omitting the words " two pounds " (wherever occurring) and inserting in their stead in each case, the words " six dollars ". 6. Amendment of s. 37. Section 37 of the Principal Act is amended by- (a) in subsection (1)- (i) inserting after the words " until payment ", the words " or the Commissioner certifies that he holds security for the payment of the tax "; and (ii) inserting after the words "so long as it remains unpaid" the words " unless the Commissioner certifies that he holds security for the payment of the tax "; and (b) by adding at the end the following subsections:- " (3) The Commissioner may take security for the payment of land tax. (4) Any security taken pursuant to this section shall be taken in a manner and form approved by the Commissioner and may, subject to that approval, be by bank guarantee or cash deposit or by both those methods. (5) In this section " bank guarantee " means a guarantee by a body corporate authorized under a law of the Commonwealth relating to banking to carry on banking business in Australia.". 7. Amendment of references to old currency . Every provision of the Principal Act the number of which is set out in the First Column of the Schedule to this Act is amended by omitting from that provision the word or words in the Second Column of that Schedule set opposite to the number of the provision and where the word or words in question occur in the provision more than once, omitting the word or words wherever occurring and by inserting in its or their stead, as the case may be, and where omitted more than once wherever omitted, the word or words, if any, in the Third Column of the Schedule to this Act set opposite to the word or words in question so omitted from that provision.

Provision I Land Tax Act Amendment Act 1968, No. 27 229. SCHEDULE [s. 7 Words to be omitted W ords to be inserted in lieu of words omitted 4A (1) 19 25 (2) (c) 39 (d) 47(l) 47(2) 48 49(1) 60 (1) (ix) one hundred pounds pounds five thousand pounds five pounds fifty pounds five pounds one hundred pounds Two pounds fifty pounds two hundred dollars ten thousand dollars ten dollars one hundred dollars ten dollars two hundred dollars Four dollars one hundred dollars