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This is a Bill, not an Act. For current law, see the Acts databases.
Western Australia Revenue Laws Amendment Bill (No. 3) 2008 CONTENTS Part 1 -- Preliminary matters 1. Short title 2 2. Commencement 2 Part 2 -- Land Tax Act 2002 amended 3. Act amended 3 4. Section 5 amended 3 Part 3 -- Metropolitan Region Improvement Tax Act 1959 amended 5. Act amended 4 6. Section 10 amended 4 002--1 page i Western Australia LEGISLATIVE ASSEMBLY Revenue Laws Amendment Bill (No. 3) 2008 A Bill for An Act to amend -- • the Land Tax Act 2002; and • the Metropolitan Region Improvement Tax Act 1959. The Parliament of Western Australia enacts as follows: page 1 Revenue Laws Amendment Bill (No. 3) 2008 Part 1 Preliminary matters s. 1 Part 1 -- Preliminary matters 1. Short title This is the Revenue Laws Amendment Act (No. 3) 2008. 2. Commencement 5 This Act comes into operation as follows -- (a) Part 1 comes into operation on the day on which this Act receives the Royal Assent; (b) the rest of the Act is deemed to have come into operation on 1 July 2008. page 2 Revenue Laws Amendment Bill (No. 3) 2008 Land Tax Act 2002 amended Part 2 s. 3 Part 2 -- Land Tax Act 2002 amended 3. Act amended This Part amends the Land Tax Act 2002. 4. Section 5 amended 5 In section 5 delete Table 7 and insert: Table 7: Land tax rates for 2008/09 and subsequent financial years Unimproved value of the land Rate of land tax Exceeding Not exceeding ($) ($) 0 300 000 Nil 300 000 1 000 000 0.09 cent for each $1 in excess of $300 000 1 000 000 2 200 000 $630 + 0.47 cent for each $1 in excess of $1 000 000 2 200 000 5 500 000 $6 270 + 1.22 cents for each $1 in excess of $2 200 000 5 500 000 11 000 000 $46 530 + 1.46 cents for each $1 in excess of $5 500 000 11 000 000 $126 830 + 2.16 cents for each $1 in excess of $11 000 000 page 3 Revenue Laws Amendment Bill (No. 3) 2008 Part 3 Metropolitan Region Improvement Tax Act 1959 amended s. 5 Part 3 -- Metropolitan Region Improvement Tax Act 1959 amended 5. Act amended This Part amends the Metropolitan Region Improvement Tax 5 Act 1959. 6. Section 10 amended In section 10 delete Table 2 and insert: Table 2: Metropolitan Region Improvement Tax rates 10 for 2008/09 and subsequent years of assessment Unimproved value of the land Rate of Metropolitan Region Exceeding Not exceeding Improvement Tax ($) ($) 0 300 000 Nil 300 000 0.14 cent for each $1 in excess of $300 000
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