Land Tax (Further Adjustment) Act of 1963 (Qld)

32 (Queextstan ANNO DUODECIMO ELIZABETHAE SECUNDAE REGINAE No. 12 of 1963 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-three [ASSENTED TO 20TH NOVEMBER, 1963] 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 Land Tax (Further Adjustment) Act of 1963." (2) Interpretation . This Act shall be read as one with " The Land Tax Acts, 1915 to 1962," " The Land Tax (Adjustment) Act of 1960," " The Land Tax (Further Adjustment) Act of 1961," and " The Land Tax (Further Adjustment) Act of 1962." 2. Adjustment of land tax in and for 1963-1964 in relation to 30th June , 1960, and 30th June , 1961, complete valuations . (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-three, 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,

Land Tax ( Further Adjustment ) Act of 1963, No. 12 33 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 - three , 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 of 1960," 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 on the thirtieth day of June , one thousand nine hundred and sixty-three, 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-three , 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 section , section five of " The Land Tax (Adjustment) Act of 1960," shall be read as modified by section four 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 sixty - one and midnight on the thirtieth day of June, one thousand nine hundred and sixty-three, 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. 2

34 Land Tax ( Further Adjustment ) Act of 1963, No. 12 3. Adjustment of land tax i n and for 1963 -1964 in relation to 30th June , 1963, complete valuations . (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-three, 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-three shall be the amount ascertained under " The Land Tax (Adjustment) Act of 1960," as modified by this section and section four of this Act. (2) For the purposes of this section in relation to all land owned by one and the same owner which , or any parcel of which , is valued by a complete valuation of an Area proclaimed in force on and from the thirtieth day of June , one thousand nine hundred and sixty - three , " The Land Tax (Adjustment ) Act of 1960," shall be read as if in sections'three, four and five- (a) the words " one thousand nine hundred and sixty-two " were substituted for the words " one thousand nine hundred and fifty-nine ", wherever the latter words appear; and (b) the words " one thousand nine hundred and sixty-three " were substituted for the words " one thousand nine hundred and sixty ", wherever the latter words appear. 4. Further modifications of 9 Eliz. H. No . 28. For the purposes of this Act, in relation to all land owned by one and the same owner, if such land comprises more parcels than one, subsection (1) of section four of " The Land Tax (Adjustment) Act of 1960 " shall be read as if the following paragraph were substituted for paragraph (b), namely:- (b) (i.) The unimproved value of any such parcel valued by a complete valuation of an Area proclaimed in force on and from the thirtieth day of June, one thousand nine hundred and sixty, shall be or be deemed to be the amount ascertained as prescribed by subsection (2.) of section four of " The Land Tax (Adjustment) Act of 1960," as modified by section three of " The Land Tax (Further Adjustment) Act of 1961 "; (ii.) The unimproved value of any such parcel valued by a complete valuation of an Area proclaimed in force on and from the thirtieth day of June, one thousand nine hundred and sixty-one, shall be or be deemed to be the amount ascertained as prescribed by subsection (2.) of section four of " The Land Tax (Adjustment) Act of 1960," as modified by section four of " The Land Tax (Further Adjustment) Act of 1961 "; (iii.) The unimproved value of any such parcel valued by a complete valuation of an Area proclaimed in force on and from the thirtieth day of June , one thousand nine hundred and sixty- three , shall be or be deemed to be the amount ascertained as prescribed by subsection ( 2.) of section four of " The Land Tax (Adjustment) Act of 1960 ," as modified by this Act;

Land Tax (Further Adjustment ) Act of 1963, No. 12 35 (iv.) Where parcels specified in subparagraphs ( i.), (ii.) and (iii.) of this paragraph (b) or any of those subparagraphs aggregate part only of all the land, the unimproved value of every parcel comprised in the remaining part shall be the unimproved value specified in the Principal Act."