Taxation Legislation Amendment Act 1993 (WA)

WESTERN AUSTRALIA

TI ON LEGIS TI ON

NT ACT 1993

No. 16 of 1993

AN ACT to amend the Land Tax Act 1976 and the

Metropolitan Region Improvement Tax Act 1959 .

[Assented to 29 November 1993]

The Parliament of Western Australia enacts as follows :

No. 161 Taxation Legislation Amendment Act 1993

S.1

PART 1- PRELOUNARY

Short title

1. This Act may be cited as the Taxation Legislation

Amendment Act 1993 .

Commencement

2.    This Act is deemed to have come into operation on 1 July

Taxation Legislation Amendment Act 1993 [No. 16

8.3

PART 2 -LAND TAX ACT 1976

Principal Act

is referred to as the

3. In this Part the Land Tax Act 1976*

principal Act.

[* Act No. 13 of 1976.

For subsequent amendments see 1992 Index to

Legislation of Western Australia, Table 1, p . 114.1

Section 6 amended

4.    Section 6 of the principal Act is amended by inserting after

"thereafter" the following -

t1

to and including the year of assessment commencing

on 1 July 1992

11

Section 7 added

5.    After section 6 of the principal Act the following section is

added -

{(

Land tax rate from 1993

7. For the year of assessment commencing on 1 July 1993, and for each year of assessment thereafter, land tax is imposed, and shall be payable pursuant to the Land Tax Assessment Act 1976 at the rate shown in

Schedule 3 .

No. 16) Taxation Legislation Amendment Act 1993

s.6

Schedule 3 added

6.    The principal Act is amended by adding after Schedule 2 the

following Schedule -

N

SCHEDULE3

[Section 71

Unimproved value of the

land under the Land Tax	Rate
Assessment Act 1976

Not

Exceeding Exceeding

$ $

0 10 000 Nil

10 000	50 000	$15.00 plus 0.15 cent for each $1 in excess of $10 000
$75.00 plus 0.35 cent for each
50 000	100 000
$1 in excess of $50 000
150 000	$250.00 plus 0.60 cent for each
100 000
$1 in excess of $100 000

150 000	200 000	$550.00 plus 0 .85 cent for each $1 in excess of $150 000
200 000	500 000	$975.00 plus 1 .20 cents for each $1 in excess of $200 000

1 000 000 $4 575.00 plus 1.60 cents for

500 000

each $1 in excess of $500 000

1 000 000

$12 575.00 plus 2.00 cents for

each $1 in excess of $1000 000

Taxation Legislation Amendment Act 1993 [No. 16

&.7

PART 3 - METROPOLITAN REGION IMPROVEMENT

TAX ACT 1959

Principal Act

7. In this Part the Metropolitan Region Improvement	Tax
Act 1959* is referred to as the principal Act.

[* Reprinted as approved 29 April 1980 .

For subsequent amendments see 1992 Index to

Legislation of Western Australia, Table 1, p. 133.]

Section 6 amended

8.    Section 6 of the principal Act is amended by inserting after

"thereafter" the following -

11

up to and including the year of assessment ending on

30 June 1993

Section 7 added

9.    After section 6 of the principal Act the following section is

added -

a

Rate of tax imposed after 30 June 1993

7. For the year of assessment commencing on 1 July 1993, and for each year of assessment thereafter, the rate of tax referred to in section 2 and imposed and payable as provided in that section shall be 0 .15 cent for every dollar of the unimproved value, within the meaning of the Land Tax Assessment Act 1976, of all land chargeable with the tax.