New South Wales Consolidated Acts

LAND TAX MANAGEMENT ACT 1956 - SECT 9B

9B Strata

(1) Land tax, in the case of land subject to the Strata Schemes (Freehold Development) Act 1973 or the Strata Schemes (Leasehold Development) Act 1986 , is to be levied and paid in respect of each lot comprised in a parcel.

(2) For the purposes of this Act:

(a) the land value of a lot comprised in a parcel is an amount that bears to the land value of the parcel (within the meaning of section 9 (4)) the same proportion as the unit entitlement of the lot bears to the aggregate unit entitlement, and

(b) the average value of the lot is to be ascertained on the basis of the land value of the lot, as determined under paragraph (a).

(3) Expressions used in this section have the same meanings as in the Strata Schemes (Freehold Development) Act 1973 or the Strata Schemes (Leasehold Development) Act 1986 .