LAND DEVELOPMENT CONTRIBUTION ACT 1970
 
 
- As at 20 November 1992
 
- Act 24 of 1970
 
 
 
 
 

TABLE OF PROVISIONS
 


TABLE OF PROVISIONS

1. Name of Act and construction

2. Levy of contribution



 

LAND DEVELOPMENT CONTRIBUTION ACT 1970
- LONG TITLE
 
 
An Act to levy a contribution in relation to the development of certain land
within the Sydney region; and for purposes connected therewith.
 

LAND DEVELOPMENT CONTRIBUTION ACT 1970
- SECT 1
Name of Act and construction
 
 
1 Name of Act and construction
This Act may be cited as the Land Development Contribution Act 1970, and shall
be read and construed with the Land Development Contribution Management Act
1970, which in this Act is referred to as the Principal Act.
 

LAND DEVELOPMENT CONTRIBUTION ACT 1970
- SECT 2
Levy of contribution
 
 
2 Levy of contribution
     (1) In respect of declared land, there shall be charged, levied,
     collected and paid in accordance with the provisions of the Principal
     Act and at the times and in the manner therein provided:
          (a) development contribution calculated at the rate of
          thirty per centum of the leviable increase in the price of
          the land, and
          (b) development contribution calculated at the rate of
          thirty per centum of the leviable increase in the value of
          the land.
     (2) Where, on assessment in accordance with the Principal Act, the
     amount of contribution payable would, but for this subsection, be:
          (a) less than one dollar, no contribution is payable, or
          (b) an amount consisting of a number of dollars and a
          number of cents:
               (i) if the number of cents is less than
               fifty—the number of cents shall be disregarded,
               or
               (ii) if the number of cents is fifty or
               more—the number of cents shall be disregarded
               and the amount of the contribution payable shall
               be that number of dollars increased by an amount
               of one dollar.
 

LAND DEVELOPMENT CONTRIBUTION ACT 1970
- NOTES
 

Reprint history (since 1972):
Reprint No 1   29 October 1973  

Reprint No 2   16 October 1979  

Reprint No 3   9 March 1989  




 

LAND DEVELOPMENT CONTRIBUTION ACT 1970
- NOTES
 

Historical notes
The following abbreviations are used in the Historical notes:

 ______________________________________________________________________
|______________________________________________________________________|
|______________________________________________________________________|
|______________________________________________________________________|
|______________________________________________________________________|
|______________________________________________________________________|
|______________________________________________________________________|
|______________________________________________________________________|
Table of amending instrumentsLand Development Contribution Act
1970 No 24. Assented to 8.4.1970.