Rates and Land Tax (Amendment) Act 1992 (ACT)

AUSTRALIAN CAPITAL TERRITORY

Rates and Land Tax (Amendment) Act

1992

No. 31 of 1992

An Act to amend the Rates and Land Tax Act 1926

[Notified in ACT Gazette S 92: 1 July 1992]

The Legislative Assembly for the Australian Capital Territory enacts as follows:

Short title

1.  This Act may be cited as the Rates and Land Tax (Amendment) Act 1992.

Commencement

2.  (1)  Sections 1, 2 and 3 commence on the day on which this Act is notified in the Gazette.

(2)  The remaining provisions commence on 1 July 1992.

Principal Act

3.  In this Act, “Principal Act” means the Rates and Land Tax Act 1926.1

Interpretation

4.  (1)  Section 4 of the Principal Act is amended—

(a)by inserting in subsection (1) the following definition:

“ ‘City Area’ has the same meaning as in the City Area Leases Act 1936 as in force on 1 April 1992;”; and

(b)by omitting from subsection (1) the definition of “the City Area”.

(2)  The amendments effected by subsection (1) shall be taken to have commenced on 2 April 1992.

Substitution

5.  Section 13 of the Principal Act is repealed and the following section substituted:

Imposition

“13.  (1)  Rates are imposed in respect of each parcel of rateable land in the City Area at the rate of 1.019% per annum of its unimproved value.

“(2)  Rates are imposed in respect of each parcel of rateable land outside the City Area at the rate of 0.5095% per annum of its unimproved value.”.

Exempt land

6.  Section 22B of the Principal Act is amended—

(a)by omitting paragraph (1) (c) and substituting the following paragraph:

“(c)a parcel of land outside the City Area leased primarily for the purpose of primary production;”; and

(b)by omitting paragraph (1) (e) and substituting the following paragraph:

“(e)a parcel of land leased for development to the extent necessary to make the land suitable for subdivision into parcels of land to be leased;”.

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note

1. Reprinted as at 31 March 1992.

[Presentation speech made in Assembly on  23 June 1992]

© Australian Capital Territory 1992