VALUATION OF LAND ACT 1916 - SECT 14F
Valuation of mines and minerals
VALUATION OF LAND ACT 1916 - SECT 14F
Valuation of mines and minerals
14F Valuation of mines and minerals
(1) If a mine is situated partly in one area and partly in another, the mine
is to be valued as a whole, and the land value, improved value and assessed
annual value are to be apportioned between the areas as the Valuer-General may
direct.
(2) If any part of a mine is under the sea or under the tidal waters
of an estuary or harbour, the part is to be valued with and as part of the
mine, even though the overlying land and water are not within the boundaries
of any area.
(3) If any part of a mine is separately occupied by a person for
a purpose other than mining, the part is taken to be distinct from the mine,
and is to be valued and rated accordingly.
(4) To the extent to which the
presence of coal in any land within a colliery holding (within the meaning of
the Mining Act 1992 ) increases the land value of that land, the amount of
the increase is to be separately recorded in the Register of Land Values in
relation to that land.
(5) Objection may be made under Part 3 against any
apportionment referred to in subsection (1) or the amount of any increase
referred to in subsection (4).
