Land Tax (Further Adjustment) Act of 1962 (Qld)

116 ANNO UNDECIMO E .. L .. I . Z . A ... B .. E . T .. H .. A ... E ... S .. E .. C .. U .. N .. D .. A .. E . , . R .. E .. G .. I . N ... A .. E . No. 18 of 1962 An Act Relating to Land Tax in and for the Financial Year begun on the First Day of July, One Thousand Nine Hundred and Sixty-two [ASSENTED TO 3RD DECEMBER, 1962] BE IT ENACTED by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows:- 1. (1) Short title. This Act may be cited as "The l.And Tax (Further Adjustment) Act of 1962." (2) Interpretation. This Act shall be read as one with "The Land Tax Acts, 191S to 1962," "The Land Tax (Adjustment) Act of 1960," and "The Land Tax (Further Adjustment) Act of 1961."

Land Tax (Further Adjustment) Act of 1962, No. 18 2. Adjustment of land tax in and for 1962-1963. (1) In respect of the assessment, levy and recovery of land tax for the financial year begun on the first day of July, one thousand nine hundred and sixty-two, for the purpose of calculating the taxable value of land, the unimproved value of every parcel of land situated in an Area a complete valuation whereof was proclaimed in force on and from the thirtieth day of June, one thousand nine hundred and sixty, or on and from the thirtieth day of June, one thousand nine hundred and sixty-one, which existed as such at midnight on the thirtieth day of June, one thousand nine hundred and sixty-one, and which is valued- (a) by the complete valuation of the Area in question proclaimed in force on and from the thirtieth day of June, one thousand nine hundred and sixty; or (b) by the complete valuation of the Area in question proclaimed in force on and from the thirtieth day of June, one thousand nine hundred and sixty-one; or (c) by an interim valuation having force and effect prior to the first day of July, one thousand nine hundred and sixty-one. shall be the amount which, under "The Land Tax Adjustment Act of1960," and "The Land Tax (Further Adjustment) Act of 1961 ", was the unimproved value of such parcel at midnight on the thirtieth day of June, one thousand nine hundred and sixty-one for the purpose of the assessment, levy and recovery of land tax for the financial year begun on the first day of July, one thousand nine hundred and sixty-one. (2) In the case of a parcel of land situated in an Area mentioned in subsection (1) of this section, the unimproved value whereof is the valuation made on or after the first day of July, one thousand nine hundred and sixty-one by an interim valuation, in respect of the assessment, levy and recovery of land tax for the year begun on the first day of July, one thousand nine hundred and sixty-two, the unimproved value of such parcel shall be the amount which, under "The Land Tax (Adjustment) Act of 1960" and "The Land Tax (Further Adjustment) Act of 1961", would have been the unimproved value thereof at midnight on the thirtieth day of June, one thousand nine hundred and sixty-one, for the purposes of the assessment, levy and recovery of land tax for the financial year begun on the first day of July, one thousand nine hundred and sixty-one, had it existed at midnight on the thirtieth day of June, one thousand nine hundred and sixty-one and the then unimproved value thereof were the valuation made by such interim valuation. (3) For the purposes of this Act, section five of "The Land Tax (Adjustment) Act of 1960," shall be read as modified by section (4) of "The Land Tax (Further Adjustment) Act of 1961," and as so read shall apply in any case of subdivision, sale, conveyance, transfer, partition or other like cause which occurred between midnight on the thirtieth day of June, one thousand nine hundred and 117

118 Land Tax (Further Adjustment) Act of 1962, No. 18 sixty-one and midnight on the thirtieth day of June, one thousand nine hundred and sixty-two, as if such occurrence had been between midnight on the thirtieth day of June, one thousand nine hundred and sixty and midnight on the thirtieth day of June, one thousand nine hundred and sixty-one, and the parcel of land in question had existed at midnight on the thirtieth day of June, one thousand nine hundred and sixty-one, and any parcel of land wholly or partly comprised in the parcel of land in question had existed at midnight on the thirtieth day of June, one thousand nine hundred and sixty.