Valuation of Land (General and Supplementary Valuation) (Amendment) Regulations 2007 (Vic)

Valuation of Land (General and Supplementary Valuation) (Amendment) Regulations 2007

S.R. No. 78/2007

TABLE OF PROVISIONS

Regulation  Page

1Objective

2Authorising provision

3New regulations 9 and 10 inserted

9Prescribed amount for exchange of information on certain objections

10Prescribed information to be given by rating authority on valuation

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ENDNOTES

STATUTORY RULES 2007

S.R. No. 78/2007

Valuation of Land Act 1960

Valuation of Land (General and Supplementary Valuation) (Amendment) Regulations 2007

The Governor in Council makes the following Regulations:

Dated: 3 July 2007

Responsible Minister:

JUSTIN MADDEN
Minister for Planning

RUTH LEACH

Clerk of the Executive Council

1Objective

The objective of these Regulations is to amend the Valuation of Land (General and Supplementary Valuation) Regulations 2003—

(a)to prescribe the amount at, or above which certain information must be exchanged; and

(b)to prescribe the information to be provided by rating authorities to certain objectors.

2Authorising provision

These Regulations are made under section 52 of the Valuation of LandAct 1960.

3New regulations 9 and 10 inserted

After regulation 8 of the Valuation of Land (General and Supplementary Valuation) Regulations 2003[1] insert—

"9   Prescribed amount for exchange of information on certain objections 

For the purposes of Part III of the Act, the prescribed amount is—

(a)a net annual value of $60 000; or

(b)a site value of $750 000; or

(c)a capital improved value of $1 000 000.

10Prescribed information to be given by rating authority on valuation

For the purposes of section 20(2) of the Act, the prescribed information is—

(a)the address of the property;

(b)the rating authority's property reference number;

(c)a response to the information contained in the written objection, if appropriate; and

(d)a description of the rating authority's valuation approach including, if appropriate, the sales or rentals generally relied on.".

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ENDNOTES

[1] Reg. 3: S.R. No. 153/2003 as amended by S.R. No. 117/2006.