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This is a Bill, not an Act. For current law, see the Acts databases.
Western Australia Land Tax Bill 2001 CONTENTS 1. Short title 1 2. Commencement 2 3. Relationship with other Acts 2 4. Meaning of terms 2 5. Imposition of land tax 2 page i 83--1 Western Australia LEGISLATIVE ASSEMBLY Land Tax Bill 2001 A Bill for An Act to impose land tax. The Parliament of Western Australia enacts as follows: 1. Short title This Act may be cited as the Land Tax Act 2001. page 1 Land Tax Bill 2001 s. 2 2. Commencement This Act comes into operation on the day on which the Taxation Administration Act 2001 comes into operation. 3. Relationship with other Acts 5 The Land Tax Assessment Act 2001 and the Taxation Administration Act 2001 are to be read with this Act as if they formed a single Act. 4. Meaning of terms The Glossaries at the end of the Taxation Administration 10 Act 2001 and the Land Tax Assessment Act 2001 define or affect the meaning of some of the words and expressions used in this Act and also affect the operation of other provisions. 5. Imposition of land tax Land tax is imposed at the rates shown in the table to this 15 section according to the unimproved value of the land. Land tax rates Unimproved value of the land Exceeding Not exceeding Rate of land tax ($) ($) 0 50 000 Nil 50 000 100 000 $75.00 + 0.15 cent for each $1 in excess of $50 000 100 000 190 000 $150.00 + 0.25 cent for each $1 in excess of $100 000 190 000 325 000 $375.00 + 0.45 cent for each $1 in excess of $190 000 325 000 550 000 $982.50 + 0.80 cent for each $1 in excess of $325 000 page 2 Land Tax Bill 2001 s. 5 Unimproved value of the land Exceeding Not exceeding Rate of land tax ($) ($) 550 000 850 000 $2 782.50 + 1.20 cents for each $1 in excess of $550 000 850 000 1 250 000 $6 382.50 + 1.60 cents for each $1 in excess of $850 000 1 250 000 2 000 000 $12 782.50 + 2.00 cents for each $1 in excess of $1 250 000 2 000 000 5 000 000 $27 782.50 + 2.30 cents for each $1 in excess of $2 000 000 5 000 000 $96 782.50 + 2.50 cents for each $1 in excess of $5 000 000
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