(a) a community
development lot or a precinct development lot, or
(b) a neighbourhood lot or
strata parcel that is part of a community scheme (whether or not it is also
part of a precinct scheme),
the Valuer-General is to take into account any
benefits and disadvantages applicable to the lot or parcel because of its
special status as part of the community scheme and, except in the case of a
community development lot, as part of a subsidiary scheme or schemes.
(3) In
valuing a neighbourhood lot that is not part of a community scheme the
Valuer-General is to take into account any benefits and disadvantages
applicable to the lot as part of the neighbourhood scheme.
(4) In valuing a
lot--
(a) in a scheme referred to in subsection (2), the Valuer-General is to
take into account the value to the proprietor of the lot of the interest
attributable to the lot in community property, precinct property or
neighbourhood property that is not used for commercial purposes,
(b) in a
neighbourhood scheme referred to in subsection (3), the Valuer-General is to
take into account the value to the proprietor of the lot of the interest
attributable to the lot in neighbourhood property that is not used for
commercial purposes.
