Land Tax Management Amendment (Tax Threshold) Act 2006 (NSW)

An Act to amend the Land Tax Management Act 1956 to increase the land tax threshold.

1Name of Act

This Act is the Land Tax Management Amendment (Tax Threshold) Act 2006.

2Commencement

This Act is taken to have commenced on 31 December 2005.

3Amendment of Land Tax Management Act 1956 No 26

The Land Tax Management Act 1956 is amended as set out in Schedule 1.

Schedule 1Amendments

(Section 3)

[1]Section 62TBA Tax threshold—2006 land tax year and subsequent years

Omit “$330,000” from section 62TBA (1). Insert instead “$352,000”.

[2]Schedule 2 Savings and transitional provisions

Insert at the end of clause 1A (1):

Land Tax Management Amendment (Tax Threshold) Act 2006