Land Tax Amendment Act 2011 (ACT)
Land Tax Amendment Act 2011
A2011-33
An Act to amend the Land Tax Act 2004
The Legislative Assembly for the Australian Capital Territory enacts as follows:
Name of Act
This Act is the Land Tax Amendment Act 2011.
Commencement
This Act commences on the day after its notification day.
NoteThe naming and commencement provisions automatically commence on the notification day (see Legislation Act, s 75 (1)).
Legislation amended
This Act amends the Land Tax Act 2004.
New section 14A
insert
14ACommissioner to be told if residential land owned by an individual as trustee
(1)This section applies in relation to a parcel of residential land that is owned by an individual as trustee.
(2)The individual must tell the commissioner, in writing—
(a)that the individual owns the parcel as trustee; and
(b)when the ownership as trustee began.
Note 1If a form is approved under the Taxation Administration Act 1999, s 139C, the form must be used.
Note 2It is an offence to fail to notify the commissioner under this section (see Taxation Administration Act 1999, s 67 (2)).
Note 3It is also an offence to knowingly avoid paying, or disclosing a liability to pay, part or all of an amount of tax (see Taxation Administration Act 1999, s 65 (1)).
(3)The individual must tell the commissioner the information mentioned in subsection (2) not later than 30 days after—
(a)if there is a change of ownership of the parcel—the day the ownership changes; or
(b)in any other case—the day the ownership as trustee begins.
Endnotes
Presentation speech
Presentation speech made in the Legislative Assembly on 23 June 2011.
Notification
Notified under the Legislation Act on 1 September 2011.
Republications of amended laws
For the latest republication of amended laws, see certify that the above is a true copy of the Land Tax Amendment Bill 2011, which was passed by the Legislative Assembly on 25 August 2011.
Clerk of the Legislative Assembly
© Australian Capital Territory 2011
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