Land Tax Act Amendment Act 1969 (Qld)

65 Q, urruslanbr ANNO OCTODECIMO ELIZABETHAE SECUNDAE REGINAE No. 11 of 1969 An Act to Amend the LandTax Act 1915-1968 in certain particulars [ASSENTED TO 2ND DECEMBER, 1969] 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 1969. (2) The Land Tax Act 1915-1968 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 Act1915-1969. 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-nine and shall have retrospective effect accordingly. 3. Amendment of s. 9-Amounts and rates of land tax . Section 9 of the Principal Act is amended- (a) by omitting subsection (2) and inserting in its stead the following subsection:- ,, (2) Where the amount of the taxable value is four hundred thousand dollars or more, the rate of land tax shall be 2.1 cents for every dollar of the amount of the taxable value.";

66 Land Tax Act Amendment Act 1969, No. 11 (b) by omitting from subsection (3) the words " three hundred and forty thousand " and inserting in their stead the words " four hundred thousand "; and (c) by omitting from subsection (3) the Table thereto and inserting in its stead the following Table:- " TABLE First Column Amount of Taxable Value Second Column Amounts and Rates If the amount of the taxable value- Is less than $4,000 Is $4,000 or more, but is less than $6,000 Is $6,000 or more, but is less than $10,000 Is $10,000 or more, but is less than $20,000 Is $20,000 or more, but is less than $40,000 Is $40,000 or more, but is less than $80,000 Is $80,000 or more, but is less than $120,000 Is $120,000 or more, but is less than $200,000 Is $200,000 or more, but is less than $300,000 Is $300,000 or more, but is less than $400,000 0.3c in each and every $ $12.00 plus 0.6c in each and every $ in excess of $4,000 $24.00 plus 0.9c in each and every $ in excess of $6,000 $60.00 plus 1°2c in each and every $ in excess of $10,000 $180.00 plus 1.5c in each and every $ in excess of $20,000 $480.00 plus 1.7c in each and every $ in excess of $40,000 $1,160.00 plus 1.9c in each and every $ in excess of $80,000 $1,920.00 plus 2-lc in each and every $ in excess of $120,000 $3,600.00 plus 2.3c in each and every $ in excess of $200,000 $5,900.00 plus 2.5c in each and every $ in excess of $300,000 " 4. Amendment of s. 11 - Taxable value . Section 11 of the Principal Act is amended- (a) by omitting the words " seven thousand " wherever occurring and inserting in their stead in each case the words " ten thousand "; and (b) by omitting the words " twenty-one thousand " wherever occurring and inserting in their stead in each case the words " thirty thousand ". 5. Amendment of s. 13-Land exempted from tax . Section 13 of the Principal Act is amended- (a) by inserting in paragraph (v) of subsection (1) after the words " however formed or constituted," the words " is formed or constituted in a State or a Territory of the Commonwealth and "; and (b) by omitting from paragraph (viii) of subsection (1) the words " is less than forty-eight perches " and inserting in their stead the words " does not exceed two and one half acres ". 6. Repeal of s. 14-Mutual Life Assurance Societies . Section 14 of the Principal Act is repealed. 7. Amendment of s. 16-Taxpayer to furnish returns . Section 16 of the Principal Act is amended- (a) by omitting from subsection (1) the words " one thousand five hundred " and inserting in their stead the words " two thousand "; and

Land Tax Act Amendment Act 1969 , No. 11 67 (b) by omitting from subsection (1) the words " eight thousand five hundred " and inserting in their stead the words " twelve thousand ". 8. Amendment of s. 25-Joint owners . Section 25 of the Principal Act is amended by omitting the words " ten thousand " and inserting in their stead the words " fifty thousand ". 9. Amendment of s. 37-Tax to be a charge on land . Section 37 of the Principal Act is amended by inserting after subsection (1) the following subsections:- "(IA) The Commissioner shall on application in writing of the purchaser of any land and on payment of the prescribed fee issue as soon thereafter as is conveniently practicable a certificate showing whether or not any land tax remains unpaid on the land described in the application and where land tax remains unpaid the amount thereof. (1B) The regulations may provide that the prescribed fee referred to in subsection (IA) of this section shall be paid by affixing to the application an adhesive duty stamp issued pursuant to The Stamp Acts, 1894 to 1968, of an amount equal to the amount of the prescribed fee.". 10. Amendment of s. 49 - Fines by Commissioner . Section 49 of the Principal Act is amended by omitting the word " Four " wherever occurring and inserting in its stead in each case the word " Ten ".