Land Tax Management (Amendment) Act 1964 (NSW)

LAND TAX MANAGEMENT (AMENDMENT) ACT.

An Act to increase the amount which may be deducted from the taxable value of land owned by a person when determining land tax payable by such person; for this purpose to amend the Land Tax Management Act, 1956, as amended by subsequent Acts; and for purposes connected therewith. [Assented to, 24th November, 1964.] BE

Act No. 40, 1964.

BE	it enacted by the Queen ' s M o s t Excellent Majesty, by and with the advice a n d consent of the Legislative Counci l and Legislative Assembly of New South Wales in Par l i ament assembled, a n d by the au thor i ty of the same, as
follows : —

1. ( 1 ) This Ac t m a y be cited as the " L a n d T a x Manage ­

m e n t ( A m e n d m e n t ) Ac t , 1 9 6 4 " .

( 2 ) T h e L a n d T a x M a n a g e m e n t Ac t , 1 9 5 6 , as

amended by subsequent Acts and by this Ac t , m a y be cited

as the L a n d T a x M a n a g e m e n t Ac t , 1956 -1964 .

2 . T h e L a n d T a x M a n a g e m e n t Ac t , 1956 , as amended by

subsequent Ac t s , is a m e n d e d —

(a) by inserting at the end of subsection two of section nine the following proviso : —

Prov ided fur ther tha t in respect of l and tax leviable and payab le for the per iod of twelve mon ths commenc ing o n the first d a y of N o v e m b e r in the year one thousand n ine h u n d r e d and sixty-four and in each succeeding year the foregoing provisions of this subsect ion shall be deemed to be a m e n d e d by insert ing after the words " this sec t ion" where firstly occurr ing the words "as a m e n d e d by sub­

section five of this s ec t i on" ;

( b ) by insert ing in p a r a g r a p h ( d ) of subsect ion three of the same section after the words "as a m e n d e d by subsect ion four of this sec t ion" the following proviso : —

Prov ided further tha t in respect of l and t ax leviable and payab le for the per iod of twelve mon ths commenc ing on the first day of N o v e m b e r in the year one thousand n ine h u n d r e d and sixty-four and in each succeeding year the foregoing provisions of

this

this p a r a g r a p h shall b e deemed to b e a m e n d e d by

insert ing after the words "this subsec t ion" w h e r e firstly occurr ing the words "as a m e n d e d b y sub­

section five of this	s ec t i on" ;
(c)	by inserting next after subsection four of the same

sect ion the following new subsect ion : —

(5) F o r the purposes of the provisos to subsec­ t ion two of this sect ion a n d p a r a g r a p h ( d ) of subsect ion th ree of this sect ion as respectively inser ted b y p a r a g r a p h s ( a ) and ( b ) of section two

of the L a n d T a x M a n a g e m e n t ( A m e n d m e n t ) Act ,

1 9 6 4 —

(a ) p a r a g r a p h ( a ) of subsect ion three of this

sect ion is a m e n d e d —

( i )     by omit t ing the words " ten t housand p o u n d s " wherever occurr ing and by insert ing in lieu thereof the words "sixteen thousand five h u n d r e d p o u n d s " ;

(ii) by omit t ing the words "fifteen

thousand p o u n d s " and by insert ing in lieu thereof the words " twenty-two

thousand p o u n d s " ;

(iii)     by omit t ing the words " t w o p o u n d s " a n d by insert ing in lieu thereof the

words " th ree p o u n d s " ;

( b )	p a r a g r a p h	(b )	of	the	s a m e	subsect ion	is
a m e n d e d —	(i)	by	omi t t ing	the	words	"five

t housand p o u n d s " wherever occur ­ r ing and by insert ing in lieu thereof the words "eight t housand two

h u n d r e d and fifty p o u n d s " ;

(ii) by omit t ing the words "seven

thousand five h u n d r e d p o u n d s " a n d by insert ing in lieu thereof the words

"eleven thousand p o u n d s " ;

( i n )

(iii)   by omitting the words "two pounds" and by inserting in lieu thereof the words "three pounds";

(c) paragraph (c) of the same subsection is amended—

(i)    by omitting the words "five thousand pounds" wherever occur- ring and by inserting in lieu thereof the words "eight thousand two hundred and fifty pounds";

(ii)   by omitting the words "fifteen thousand pounds" and by inserting in lieu thereof the words "twenty- two thousand pounds".