Land Tax Amendment Act 1995 (WA)

WESTERN AUSTRALIA

LAND TAX AMENDMENT ACT 1995

No. 38 of 1995

AN ACT to amend the Land Tax Act 1976.

[Assented to 18 October 1995.]

The Parliament of Western Australia enacts as follows:

Short title

1. This Act may be cited as the Land Tax Amendment

Act 1995.

No. 38]	Land Tax Amendment Act 1995
Commencement

2.    This Act is deemed to have come into operation on

1 July 1995.

Principal Act

3. In this Act the Land Tax Act 1976* is referred to as the

principal Act.

[* Act No. 13 of 1976.

For subsequent amendments see 1994 Index to

Legislation of Western Australia, Table 1, p. 115.]

Section 7 amended

4.     Section 7 of the principal Act is amended by inserting after

"thereafter" the following —

it

to and including the year of assessment commencing

on 1 July 1994

Section 8 added

5.     After section 7 of the principal Act the following section is

added —

tt

Land tax rate from 1995

8. For the year of assessment commencing on 1 July 1995, and for each year of assessment thereafter, land tax is imposed, and shall be payable pursuant to the Land Tax Assessment Act 1976 at the rate shown in Schedule 4.

Land Tax Amendment Act 1995 [No. 38

Schedule 4 added

B. The principal Act is amended by adding after Schedule 3 the following Schedule —

SCHEDULE 4

[Section 87

Unimproved value of the

land under the Land Tax	Rate
Assessment Act 1976

Not

Exceeding Exceeding

$ $

0 10 000 Nil

10 000	60 000	$15.00 plus 0.15 cent for each $1 in excess of $10 000
60 000	120 000	$90.00 plus 0.35 cent for each $1 in excess of $60 000
120 000	175 000	$300.00 plus 0.60 cent for each $1 in excess of $120 000
175 000	240 000	$630.00 plus 0.85 cent for each $1 in excess of $175 000
240 000	550 000	$1 182.50 plus 1.20 cents for each $1 in excess of $240 000

550 000 1 000 000 $4 902.50 plus 1.60 cents for each $1 in excess of $550 000

1 000 000 $12 102.50 plus 2.00 cents for each $1 in excess of $1 000 000