Land Tax (Crown Leases) Regulations (Cth)

STATUTORY RULES.

1930. No. 33.

 

REGULATIONS UNDER THE LAND TAX ASSESSMENT ACT 1910-1930.

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following regulations under the Land Tax Assessment Act 1910-1930, to come into operation forthwith.

Dated the twenty-eighth day of March 1930.

(Sgd.) STONEHAVEN

Governor-General.

By His Excellency’s Command,

Treasurer.

 

Land Tax (Crown Leases) Regulations.

Short title.

1. These Regulations may be cited as the Land Tax (Crown Leases) Regulations.

Application.

2. These Regulations shall apply to any lease to which section twenty-eight of the Land Tax Assessment Act 1910-1930 applies which is—

(a)a lease in respect of which an annual rent reserved by the lease is payable or is deemed under paragraph (aa) of sub-section (3.) of that section to be payable; and

(b)in the case of a lease from the Crown which is subject to liability to resumption of the whole or of any part or proportion of the land comprised in the lease, whether that part or proportion be defined or not—a lease of that land or any part or proportion thereof, as the case may be, which is deemed to be a lease by virtue of sub-section (4.) of that section.

Calculation of Values.

3. The unimproved value of a leasehold estate in land under a lease to which these Regulations apply shall be calculated under Table I. in the Schedule to the Land Tax Regulations.

 

By Authority: H. J. Green, Government Printer, Canberra,