Land Tax Management (Amendment) Act 1957 (NSW)

December, 1957.]

LAND TAX MANAGEMENT (AMENDMENT) ACT.

Act No. 62, 1957.

An Act to make further provision relating to the valuation of land for purposes of land tax; for this purpose to amend the Land Tax Management Act, 1956; and for purposes connected therewith. [Assented to, 9th

lative Council and Legislative Assembly of New South	BE. it< enacted b y the Queen's Most Excellent Majesty, by and with the advice and consent of the Legis­
Wales in Par l iament assembled, and b y the au thor i ty of the same, as follows :—

1. (1) This Act may be cited as the " L a n d Tax

Management (Amendment ) Act, 1957" .

(2) The Land T a x Management Act, 1956, as amended by this Act, m a y be cited as the Land Tax Management Act, 1956-1957.

(3) This Act shall be deemed to have commenced upon the thir ty-f irs t day of October, one thousand nine hundred and fifty-six.

2. The Land Tax Management Act, 1956, is amended—

(a) by omit t ing s u b p a r a g r a p h (ii) of p a r a g r a p h (d) of subsect ion one of section fifty-four a n d by inser t ing in lieu thereof the following subpa rag raph :—

(ii)   of the- inclusion of the land in one valuat ion with other land,

(b)	by inserting at the end of the same1 subsection
the following proviso and. new p a r a g r a p h
P rov ided t h a t where a valuation: of land to which p a r a g r a p h (d) : of this subsection applies

has; been made by the app rop r i a t e valuing au thor i ty as aforesaid before the first day of tha t year and the unimproved value of such land included in such valuat ion does n o t a p p e a r in the valuat ion list, supplementary ' list, valuat ion book or valuat ion roll to which p a r a g r a p h ( a ) , (b) or (c) of this subsection applies , the unimproved value of such land, in. r e l a t ion to a yea r for which land tax is being levied, means the un improved value as included in such valuat ion.

W h e r e

Where a valuation of land is made pursuant to paragraph (d) of this subsection, such valuation shall, notwithstanding the provisions of subsection four of this section—

(i)   be a valuation for the purposes of this Act only;

(ii)   be a valuation of the unimproved value only;

(iii)   not be entered on the valuation roll of the Valuer-General or the valuation book of a council;

(iv)   be the unimproved value of the land for the purposes of this Act until there is an unimproved value of the land in terms of paragraph (a), (b) or (c) of this subsection.