Australian Capital Territory Consolidated Acts

LAND TAX ACT 2004 - SECT 32

    (1)     This section applies if—

        (a)     the commissioner has prepared an assessment of land tax payable for a qualifying parcel of land for a period; and

        (b)     before the end of the period the land stops being a qualifying parcel because it is subdivided under the Unit Titles Act; and

        (c)     the commissioner is satisfied that the percentages of the intended development that are to be used for residential and commercial purposes are different from the percentages determined under the Rates Act 2004 , section 32 (2); and

        (d)     the commissioner redetermines the percentages under the Rates Act 2004 , section 32 (5).

    (2)     The commissioner must reassess the amount of land tax payable for the parcel of land for the period when the land was a qualifying parcel.