Local Government (Rating of Coal Mines) Amendment Act 1970 (NSW)

LOCAL GOVERNMENT (RATING OF COAL

MINES) AMENDMENT ACT.

ANNO UNDEVICESIMO

ELIZABETHE II REGINE

Act No. 87 ,1970 .

An Act to alter the bases for valuation of coal mines; for this and other purposes to amend the Local Government Act, 1919; and for purposes connected therewith. [Assented to, 9th December, 1970.]

(Rating of Coal Mines) Amendment Act, 1970",

BE

it enacted by the Queen's Most Excellent Majesty, by
and with the advice and consent of the Legislative
Council and Legislative Assembly of New South Wales in
Parliament assembled, and by the authority of the same, as

follows: —

1. This Act may be cited as the "Local Government

2.      The Local Government Act, 1919, is amended—

(a) by inserting at the end of section 1 18A the following new subsection :—

(2) Where the unimproved capital value of a coal mine is ascertained by valuation based on out­ put, the general rate levied upon a coal mine shall not exceed seven cents in the dollar upon the unimproved capital value.

(b)	by omitting from subsection two of section one hundred and fifty-three wherever occurring the words "coal o r" ;
(c)	by inserting next after the same subsection the following new subsection :—

(2A) In the case of a coal mine the unimproved capital value thereof ascertained by valuation based on output shall be a sum equal to seventy-five cents per ton of coal on the average annual output from the mine during the three years next preceding the year in which the valuation is made, or during such part of that time as the mine has been worked.

MINING