Rates and Land Tax (Amendment) Act 1998 (ACT)

AUSTRALIAN CAPITAL TERRITORY

Rates and Land Tax (Amendment) Act 1998

No. 13 of 1998

An Act to amend the Rates and Land Tax Act 1926

[Notified in ACT Gazette S180: 30 June 1998]

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

1. Short title

   This Act may be cited as the Rates and Land Tax (Amendment) Act 1998.

2. Commencement

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

4. Section 4 commences on 1 July 1998.

5. Principal Act

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

6. Imposition

Section 13 of the Principal Act is amended—

(a)by omitting from subsection (2) “$220” and substituting “$240”;

(b)by omitting from the formula in subsection (3) “$220” and substituting “$240”;

(c)by omitting from paragraph (a) of the definition of “P” in subsection (3) “1.0734” and substituting “1.1144”;

(d)by omitting from paragraph (b) of the definition of “P” in subsection (3) “1.1110” and substituting “1.1657”; and

(e)by omitting from the definition of “P” in subsection (4) “0.5367” and substituting “0.5572”.

NOTE

Principal Act

1. Reprinted as at 31 January 1998.

[Presentation speech made in Assembly on 28 May 1998]

©  Australian Capital Territory 1998