Strata Titles (Land Tax) Amendment Act 1984 (NSW)

STRATA TITLES (LAND TAX) AM EN D M EN T ACT, 1984,

No. 131

A N N O T RK' LS IM O THRTIO

ELIZABETHS H BEGINS

Act No. 131, 1984.

An Act to amend the Strata Titles Act 1973, with respect to the payment of land tax and in certain other respects. [Assented to. 4th December, 1984.1

Strata I'itles (Land Tax) Amendment 1984

BE It enacted by the Queen's VIost 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: —

Short title.

1.           This Act may be cited as the "Strata Titles (Land Tax) Amendment

Act. 1984”.

Commencement.

2. (1) .Sections 1 and 2 shall commence on the date of assent to this

Act.

(2) Except as provided by subsection ( i ). this Act shall commence

on .Mst December. I9S4

Principal .Act.

3 .           The Strata Titles Act. 1973. is reterred to in this .\ct .is the Principal

Act.

Schedules.

4.     This Act contains the following Schedules: —

.SCHEDULE 1.— .Am e n d m e n t s to run P rini ii>ai A ct

.SCHEDULE 2.— A m e n d m e n t s to the P ri nci pal A ct hv W ay ot

S t at ut e L aw R e vi s i on .

Amendment of Act No. 68. 1973.

5.       I he Principal .Act is amended in the manner set forth m Schedules 1

and 2.

Act No. 131

Strata Titles (Land /«jt) Amendment 1984

SCHEDULE 1

(Sec. 5.)

A M MN U Ml i N IS i n IMI: PKI NCI PAI . A c T.

( 1 ) Section ^5 (6 t (a l —

Omit “'and" where thirdly occurring.

(2) Section 95 (6) (b) —

After “parcel" where firstly occurring, insert “ (other than a lot referred to in paragraph f c ) )".

(3) .Section 95 (6) (bl —

Omit “upon the taxable value”, insert instead “in respect",

(4) Section 95 tftt ib) —

Omit “sum of the land value.s of all lots comprised in", insert instead

land value of",

( 5 I Section 95 (61 (b t—

Omit “except lots that are exempt from land tax under section 10

of the Land Tax Management Act, 1956.”, insert instead and".

(6) Sectiiiti 95 (6) (c) —

After section 95 (6) (b). in.sert: —

(c) subject to subsection (7 I but otherwise under and in accord­ ance with the Land Tax Act. 1956, and the Land Tax Management Act, 1956, m respect of each non-residential lot —

fit of which the proprietor is a non-concessional

company within the meaning of those Acts; or

f li) that is subject to a discretionary trust within the

meaning ot those Acts.

Strata Talcs t Land Tax] A m en d m en t 1984

S C H E D U L E 1— contii i inil

A M E N D M t N T S TO T H T P R l N C l P ^ L A c T ^ c o n i u m e d

I 7 I Section 95 ( 7 i

(7mit ihc subsection, insert instead

( 7 I For tile purpose-' ot subsection ( 6 i . the land V'llue ot a lot, whether residential or non-residential, comprised in a parcel is an amount that bears to the land \aluc within the meaning of section 54 >>l the I.and T a \ Management Act, 1956, of that parcel the same propsirtion as the unit entitlement ot that lot hears to the aggregate unit entitlement

S C H E D U L E 2

(Sec, 5.)

- A M h N n M F N I S TO THF P R I N C I P A L A C T PY W a y O f S t a TUTL-

L a w R e v i s i o n

I I 1 Section 49

Omit ' ( .ommiss ioncr for ' whereser I 'ccurrmg, insert instC'Ui "( hiei

LOmmissioner o f

( 2 I Sect urn 9 I

< imil '( ommissioncr tor , insert instead "( hict C ommissioner o f

( 3 1 Sec turn 95 i 4 i , ; 5 i

Helore '( ommissioner " svhereser -)<.eurrmg, insert "( hiel’