VALUATION OF LAND ACT 1916 - SECT 14T
Lots which qualify for subdivision allowance
VALUATION OF LAND ACT 1916 - SECT 14T
Lots which qualify for subdivision allowance
14T Lots which qualify for subdivision allowance
(1) A lot in a deposited plan qualifies for an allowance for subdivision if,
as at the date by reference to which the allowance is ascertained, the lot is
owned by the subdivider.
(2) If a lot qualifies for an allowance for
subdivision, the Valuer-General is to ascertain the allowance in respect of
that lot in accordance with this Division.
(3) An allowance for subdivision
(including a nil allowance) is to be entered in the Register of Land Values in
respect of any land value to which it relates.