Western Port (Steel Works Rating) Act 1972 (Vic)

Version No. 001

Western Port (Steel Works Rating) Act 1972

Act No. 8290/1972

Version as at 24 February 2003

TABLE OF PROVISIONS

Section  Page

1.Short title

2.Definition

3.Provisions concerning rates to be levied on land by Hastings Shire Council

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ENDNOTES

1.  General Information

2.  Table of Amendments

3.  Explanatory Details

Version No. 001

Western Port (Steel Works Rating) Act 1972

Act No. 8290/1972

Version as at 24 February 2003

An Act to make Provision with respect to the Rates to be Levied by the President Councillors and Ratepayers of the Shire of Hastings on certain Land in the said Shire and for other purposes.

Preamble

WHEREAS by an agreement made on the 19th day of December, 1969 between the Honourable Sir Henry Edward Bolte in his capacity as Premier of the State of Victoria and John Lysaght (Australia) Limited certain provision was made with respect to the establishment of a fully integrated steel works by the company at Western Port:

AND WHEREAS the agreement was ratified by the Western Port (Steel Works) Act 1970:

AND WHEREAS the establishment of an integrated steel works is a matter of importance to the State of Victoria:

AND WHEREAS the Government appointed an independent committee to investigate a proposal by John Lysaght (Australia) Limited that an agreement should be made with respect to the amount of the municipal rates to be paid on the land upon which the proposed steel works are to be built:

AND WHEREAS the committee made its report on the 22nd December, 1970:

AND WHEREAS it is expedient that provision as to such rates be made by Parliament in the light of the report:

BE IT THEREFORE ENACTED by the Queen's Most Excellent Majesty by and with the advice and consent of the Legislative Council and the Legislative Assembly of Victoria in this present Parliament assembled and by the authority of the same as follows (that is to say):

1.Short title

This Act may be cited as the Western Port (Steel Works Rating) Act 1972.

2.Definition

(1)In this Act "the land" means the land described in the First and Second Schedules to the agreement set out in the Schedule to the Western Port (Steel Works) Act 1970.

(2)Unless inconsistent with the context or subject-matter words and expressions used in this Act have the meaning respectively assigned to them in the Local Government Act 1958.

3.Provisions concerning rates to be levied on land by Hastings Shire Council

(1)The provisions of this section shall have effect in relation to any rates levied in respect of the land by the Council of the Shire of Hastings.

(2)The provisions of the Local Government Act 1958 and the Valuation of Land Act 1960 shall apply in relation to the valuation of the land for rating purposes but in estimating the net annual value of the land any improvements being plant machinery or equipment (other than cranes attached to or in buildings) whether affixed to the land or not shall be disregarded.

(3)The rates shall be made and levied in accordance with the provisions of the Local Government Act 1958 but—

(a)where the rates in any year are made and levied solely on the net annual value of rateable property in the municipal district––

if the amount of the rates which but for this paragraph would be payable in respect of the land in any year is less than the amount for that year as set out in the following table the amount payable will be the amount in the table;

TABLE

Year ending on the 30th September	Amount $
1973	190,000
1974	255,000
1975	320,000
1976	385,000
1977	450,000
1978	515,000
1979	580,000
1980	645,000
1981	710,000
1982	775,000
1983 and each year thereafter	840,000;

(b)where the rates in any year are made and levied partly on the net annual value and partly on the unimproved capital value or site value of the rateable property in the municipal district—

if the rates which would but for this paragraph be payable in respect of the land in any year are less than an amount which bears the same proportion to the amount shown opposite that year in the table in paragraph (a) as the total amount of rates levied by the Council in that year on the net annual value of rateable property in the municipal district bears to the total amount of rates levied by the Council in that year in respect of the said rateable property—

the amount payable will be the amount which bears that same proportion.

(4)If, for any reason which appears to the Minister to be beyond the control of the Company—

(a)a cold strip steel mill is not ready for operation on the land before the 1st day of January, 1975;

(b)a hot strip steel mill is not ready for operation on the land before the 1st day of January, 1980; or

(c)a full integrated steel works plant is not ready for operation before the 1st day of January, 1985—

and no agreement has been made pursuant to section 811BA of the Local Government Act 1958 between the said Council and the Company with respect to the land, the Minister shall appoint a committee consisting of a barrister and solicitor of the Supreme Court of Victoria nominated by the President of the Law Institute of Victoria (who shall be chairman), a person nominated by the Council, and a person nominated by the Company to make recommendations as to what (if any) amendments should be made to this section.

(5)The Council may cause a supplementary valuation of the land to be made at any time.

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ENDNOTES

1.     General Information

The Western Port (Steel Works Rating) Act 1972 was assented to on 13 May 1972 and came into operation on 13 May 1972.

2.     Table of Amendments

There are no amendments made to the Western Port (Steel Works Rating) Act 1972 by Acts and subordinate instruments.

3.     Explanatory Details

No entries at date of publication.