Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) This section applies to a parcel of land that is a unit subdivision.
(2) If land tax imposed for the parcel of land for the quarter when the units plan is registered is not paid before registration of the units plan, it is payable by the person who was the owner of the parcel on the day before the day when the units plan was registered.
(3) On and after the 1 st day of the next quarter after the day when the units plan is registered or, if it is registered on the 1 st day of a quarter, on and after that day—
(a) any land tax imposed for the parcel of land is payable by the unit owners whose units are subject to land tax; and
(b) the amount payable by each unit owner whose unit is subject to land tax is the amount worked out under subsection (5); and
(c) no land tax for the parcel is payable by the owners corporation.
(4) Section 9 (Imposition of land tax) applies to impose land tax on a unit that is part of the unit subdivision as if a reference to a parcel of land were a reference to the unit.
(5) In working out the land tax payable for the unit under section 9, the average unimproved value of the unit is the amount worked out in accordance with the following formula:
(6) In this section:
AUV means the average unimproved value of the parcel of land under the Rates Act 2004 .
TUE means the unit entitlement of all the units in the units plan.
UE means the unit entitlement of the unit.
"unit entitlement"—see the Unit Titles Act, section 8.
units plan means a units plan under the Unit Titles Act 2001 , section 7.