Rates and Land Tax Legislation Amendment Act 2012 (ACT)

Rates and Land Tax Legislation Amendment Act 2012

A2012-37

Contents

Page

Part 1      Preliminary

1            Name of Act  2

2            Commencement  2

3            Legislation amended  2

Part 2Land Tax Act 2004

4            Dictionary, definitions of residential land and rural land  3

Part 3Rates Act 2004

5            Dictionary, definitions of residential land and rural land  4

Rates and Land Tax Legislation Amendment Act 2012

A2012-37

An Act to amend legislation about rates and land tax

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

Part 1Preliminary

1. Name of Act

   This Act is the Rates and Land Tax Legislation Amendment Act 2012.

2. Commencement

   This Act commences on 1 July 2012.

   NoteThe naming and commencement provisions automatically commence on the notification day (see Legislation Act, s 75 (1)).

3. Legislation amended

   This Act amends the Land Tax Act 2004 and the Rates Act 2004.

Part 2Land Tax Act 2004

1. Dictionary, definitions of residential land and rural land

   substitute

   residential land means—

   (a)rateable land leased for residential purposes only; or

   (b)rateable land leased for residential purposes and other purposes but used for residential purposes only; or

   (c)a parcel of rateable land included in the common property of a community title scheme under the Community Title Act 2001, if—

   (i)at least 1 parcel of land in the scheme is residential land under paragraph (a) or (b); and

   (ii)no parcel of land in the scheme is leased for a commercial purpose.

   rural land means—

   (a)rateable land leased for the purpose of primary production only; or

   (b)rateable land leased for the purpose of primary production and other purposes but used mainly for primary production; or

   (c)a parcel of rateable land included in the common property of a community title scheme under the Community Title Act 2001, if no parcel of land in the scheme is—

   (i)residential land; or

   (ii)leased for a commercial purpose.

Part 3Rates Act 2004

1. Dictionary, definitions of residential land and rural land

   substitute

   residential land means—

   (a)rateable land leased for residential purposes only; or

   (b)rateable land leased for residential purposes and other purposes but used for residential purposes only; or

   (c)a parcel of rateable land included in the common property of a community title scheme under the Community Title Act 2001, if—

   (i)at least 1 parcel of land in the scheme is residential land under paragraph (a) or (b); and

   (ii)no parcel of land in the scheme is leased for a commercial purpose.

   rural land means—

   (a)rateable land leased for the purpose of primary production only; or

   (b)rateable land leased for the purpose of primary production and other purposes but used mainly for primary production; or

   (c)a parcel of rateable land included in the common property of a community title scheme under the Community Title Act 2001, if no parcel of land in the scheme is—

   (i)residential land; or

   (ii)leased for a commercial purpose.

Endnotes

1. Presentation speech

   Presentation speech made in the Legislative Assembly on 29 March 2012.

2. Notification

   Notified under the Legislation Act on 18 June 2012.

3. Republications of amended laws

   For the latest republication of amended laws, see certify that the above is a true copy of the Rates and Land Tax Legislation Amendment Bill 2012, which was passed by the Legislative Assembly on 7 June 2012.

   Clerk of the Legislative Assembly

   © Australian Capital Territory 2012