Land Tax Act Amendment Act 1982 (Qld)

886 ^ff 4 ANNO TRICESIMO PRIMO ELIZABETHAE SECUNDAE REGINAE No. 63 of 1982 An Act to amend the Land TaxAct 1915- 1981 in certain particulars [ ASSENTED TO 13TH DECEMBER, 1982]

Land Tax Act Amendment Act 1982, No. 63 887 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 1982. (2) In this Act the Land Tax Act1915-1981 is referred to as the Principal Act. (3) The Principal Act as amended by this Act may be cited as the Land Tax Act1915-1982. 2. Commencement . This Act shall be deemed to have commenced on 29 June 1982 and shall have retrospective effect accordingly. 3. Amendment of s. 3. Interpretation . Section 3 of the Principal Act is amended by in subsection (1) inserting after the definition " Company " the following definition:- " Exeemmpptt proprietary company " means a company that is an exempt proprietary company under- (a) the Companies (Queensland) Code; or (b) the corresponding law in force in another State or a Territory of the Commonwealth, all the members of which are natural persons and no member of which is- (c) an absentee; or (d) in so far as his membership is concerned, an agent or nominee of an absentee or a company; ". 4. Amendment of s. 13. Section 13 of the Principal Act is amended by- (a) in subsection (1) adding after the word " Queensland " (secondly occurring) in paragraph (viii) the following words:- '' (ix) All land owned by a company that was an exempt proprietary company for the whole of the period of 12 months immediately preceding the time when the ownership of that land is determined for the purposes of this Act which is used solely for agricultural, dairying or grazing purposes by the company or by a natural person who is neither an absentee nor acting in the use of that land as the agent or nominee of an absentee or a company "; (b) adding at the end thereof the following subsection:- " (4) An exempt proprietary company shall, when requested so to do by the Commissioner, lodge with him- (a) in the case of a company that is an exempt proprietary company under the Companies (Queensland) Code, a copy of the return lodged by the company with the National Companies and Securities Commission under section 263 of that Code;

888 Land Tax Act Amendment Act 1982, No. 63 (b) in the case of a company that is an exempt proprietary company under the law in force in another State or a Territory of the Commonwealth that corresponds with the Companies (Queensland) Code, a copy of the return lodged by the company with the appropriate authority under a provision of that law corresponding with section 263 of that Code, for any financial year of the company specified by the Commissioner and every such copy shall be certified, under a seal of the company, to be a true copy.".