Land Tax Act Amendment Act 1980 (Qld)

828 ANNO VICESIMO NONO ELIZABETHAE SECUNDAE REGINAE No. 53 of 1980 An Act to amend the Land Tax Act 1915®1979 i n certain particulars [ASSENTED TO 22ND SEPTEMBER, 1980]

Land Tax Act Amendment Act 1980, No. 53 829 BE IT ENACTED by the Queen's Most Excellent Majesty, by and with the advicee 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 1980. (2) In this Act the Land Tax Act1915-1979 is referred to as the Principal Act. (3) The Principal Act as amended by this Act may be cited as the Land Tax Act1915-1980. 2. Commencement of Act. This Act shall be deemed to have commenced on 29 June 1980 and shall have retrospective effect accordingly. 3. Amendment of s. 11. Section 11 of the Principal Act is amended by- (a) omitting subsection (4) and substituting the following subsection:- " (4) In calculating the taxable value of all land owned by an owner who is neither an absentee nor a company, there shall be deducted- (a) where all or part of the land is used for agricultural, dairying or grazing purposes by the owner personally or by some other person who is neither an absentee nor a company nor an agent or nominee for an absentee or a company- (i) a sum equal to the amount of the unimproved value, or the aggregate of the unimproved values of the parcels respectively, of the land being so used; or (ii) the sum of X36 000, whichever is the greater; (b) where paragraph (a) of this subsection does not apply, the sum of $36 000."; (b) omitting subsections (5) and (6); (c) in subsection (6A), omitting the words " or (6) "; (d) in subsection (6B), omitting the words " or (6) ".