New South Wales Consolidated Acts New South Wales Consolidated ActsIn this Division:
"heritage valuation", in relation to land, means a valuation of that land
obtained by adding to or by deducting from a
valuation for rating or taxing purposes of that land any allowance determined
as a consequence of making the following assumptions with respect to that
land, namely:
(a) that that land may be used only for the purpose, if any, for which it was used at the relevant date,
(b) that all improvements on that land as at the relevant date may be continued and maintained in order that the use of that land as referred to in paragraph (a) may be continued, and
(c) that no improvements, other than those referred to in paragraph (b), may be made to or on that land."land" includes stratum within the meaning of the Valuation of Land Act 1916 .
(a) a council,
(b) a county council established under the Local Government Act 1993 ,
(c) the Sydney Water Corporation referred to in the Water Board (Corporatisation) Act 1994 ,
(d) the Hunter Water Corporation referred to in the Hunter Water Board (Corporatisation) Act 1991 ,
(e) a water supply authority within the meaning of the Water Management Act 2000 ,
(f) the Commissioner of Land Tax."relevant date", in relation to a heritage valuation, means:
(a) where that heritage valuation is made pursuant to a request made by the Minister under section 124 (1)-the date determined in accordance with section 124 (1) (a) or (b), or
(b) where that heritage valuation is made pursuant to section 125-the date on which that heritage valuation is made."valuation for rating or taxing purposes", in relation to land, means a valuation of that land made under a valuing law and which is the valuation on which a rate is made and levied or a tax is levied in respect of that land by a rating or taxing authority.