LAND
TAX ASSESSMENT.
No.
23 of 1952.
An Act to amend the Land Tax Assessment Act 1910–1951.
[Assented
to 12th June, 1952.]
BE it enacted by the Queen’s Most Excellent
Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia,
as follows:—
Short
title and citation.
1.—(1.) This Act may be cited as the Land Tax Assessment Act 1952.
(2.) The Land
Tax Assessment Act 1910–1951 is in this Act referred to as the Principal
Act.
(3.) The Principal Act, as amended by this Act, may
be cited as the Land Tax Assessment Act 1910–1952.
Commencement.
2.This
Act shall come into operation on the day on which it receives the Royal Assent.
Taxable
value.
3.Section
eleven of the Principal Act is amended by omitting from paragraph (b)of sub-section (2.) the words “Five thousand pounds” and inserting in their
stead the words “Eight thousand seven hundred and fifty pounds”.
Joint
owners.
4.Section
thirty-eight of the Principal Act is amended by omitting from sub-section (7.)
the words “Five thousand pounds” (wherever occurring) and inserting in their
stead the words “Eight thousand seven hundred and fifty pounds”.
Deductions
under original and subsidiary settlements and wills.
5.Section
thirty-eight a of the Principal
Act is amended by omitting from sub-section (1.) the words “Five thousand
pounds” (wherever occurring) and inserting in their stead the words “Eight thousand
seven hundred and fifty pounds”.
Application
of amendments.
6.