Land Tax Amendment Act 2013 (WA)

Western Australia

Land Tax Amendment Act 2013

Western Australia

Land Tax Amendment Act 2013 Contents

Western Australia

Land Tax Amendment Act 2013

Land Tax Amendment Act 2013

No. 15 of 2013

An Act to amend the Land Tax Act 2002.

[Assented to 21 October 2013]

The Parliament of Western Australia enacts as follows:

1.Short title

This is the Land Tax Amendment Act 2013.

2.Commencement

This Act comes into operation as follows —

• (a)

  sections 1 and 2 on the day on which this Act receives the Royal Assent;

• (b)

  the rest of the Act is deemed to have come into operation on 1 July 2013.

3.Act amended

This Act amends the Land Tax Act 2002.

4.Section 5 amended

• (1)

  In section 5 delete the heading to Table 8 and insert:

   

Table 8: Land tax rates for 2009/10, 2010/11, 2011/12 and 2012/13

• (2)

  In section 5 after Table 8 insert:

   

Table 9: Land tax rates for 2013/14 and subsequent financial years

Taxable value of the land		Rate of land tax
Exceeding ($)	Not exceeding ($)
0	300 000	Nil
300 000	1 000 000	0.10 cent for each $1 in excess of $300 000
1 000 000	2 200 000	$700 + 0.53 cent for each $1 in excess of $1 000 000
2 200 000	5 500 000	$7 060 + 1.37 cents for each $1 in excess of $2 200 000
5 500 000	11 000 000	$52 270 + 1.64 cents for each $1 in excess of $5 500 000
11 000 000	$142 470 + 2.43 cents for each $1 in excess of $11 000 000