RATES AND LAND TAX LEGISLATION AMENDMENT BILL 2012

Australian Capital Territory Bills

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This is a Bill, not an Act. For current law, see the Acts databases.

RATES AND LAND TAX LEGISLATION AMENDMENT BILL 2012

2012

THE LEGISLATIVE ASSEMBLY

FOR THE AUSTRALIAN CAPITAL TERRITORY

(As presented)

(Treasurer)

Rates and Land Tax Legislation Amendment Bill 2012

Contents

Page

2012

THE LEGISLATIVE ASSEMBLY

FOR THE AUSTRALIAN CAPITAL TERRITORY

(As presented)

(Treasurer)

Rates and Land Tax Legislation Amendment Bill 2012

A Bill for

An Act to amend legislation about rates and land tax

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

Part 1 Preliminary

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.

Note The 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 2 Land Tax Act 2004

4 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 3 Rates Act 2004

5 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 2012.

3 Republications of amended laws

For the latest republication of amended laws, see www.legislation.act.gov.au.

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