New South Wales Consolidated Acts

VALUATION OF LAND ACT 1916 - SECT 60A

60A Determination of values at request of council

(1) The Valuer-General must, on the request in writing of a council, make a new valuation of the land value of any land if:

(a) as a consequence of the making of or an amendment to or the repeal or substitution of a planning instrument, the purposes for which development may be carried out on the land are changed, or

(b) a water right relating to the land is acquired or ceases or is varied, or

(c) the land suffers or is likely to suffer physical damage (such as landslip or erosion), or

(d) the land is or is likely to be affected by a coastal hazard.

(2) The Valuer-General is not required to make and furnish a new valuation under this section if the Valuer-General is of the opinion that the land value of the land has not changed since its last valuation.

(3) Land that is valued at the request of a council under this section is to be valued, for the purposes of any relevant rating or taxing authority:

(a) as at the 1 July by reference to which the land was valued for the purposes of the valuation list for that authority current:

(i) in the circumstances referred to in subsection (1) (a), at the time the relevant planning instrument was made, amended or repealed, as the case may be, or

(ii) in the circumstances referred to in subsection (1) (b), at the time the relevant water right was acquired, ceased or was varied, or

(iii) in the circumstances referred to in subsection (1) (c) or (d), at the time the request was made, and

(b) as at the 1 July by reference to which the land has been valued for the purposes of any subsequent valuation list for that authority.