Queensland Consolidated Acts Queensland Consolidated Acts(1) Where a time-sharing scheme is or has been implemented in respect of all lots comprised in a parcel the person for the time being having the management of the scheme shall be deemed to be the owner of that parcel and be liable for land tax accordingly.
(2) Where a time-sharing scheme is or has been implemented in respect of some but not all lots comprised in a parcel the lots in respect of which the time-sharing scheme is implemented shall together be deemed to form 1 lot with a lot entitlement equal to the aggregate of the lot entitlements of those lots and the person for the time being having the management of the scheme shall be deemed to be the owner of that lot and be liable for land tax accordingly.
(3) For the purpose of levying land tax on land contained in a parcel or lot to which this section applies the person deemed to be the owner of the parcel or lot shall be deemed not to own any other land in Queensland.
(4) Where a person pays land tax by reason of the person being deemed to be the owner--
(a) of a parcel under subsection (1)--the owners of each lot comprised in the parcel shall be indebted to that person for an amount that bears to the amount of land tax paid the same proportion as the lot entitlement of the lot bears to the aggregate lot entitlements of all lots comprised in the parcel; or
(b) of a lot under subsection (2)--the owners of each lot in respect of which the time-sharing scheme was implemented shall be indebted to that person for an amount that bears to the amount of land tax paid the same proportion as the lot entitlement of their lot bears to the aggregate lot entitlement of the lots in respect of which the time-sharing scheme was implemented.
(5) Section 11(3) or (6A) does not apply to land deemed to be owned by a person under this section.
(6) In this section the following have the meanings assigned to them by the Building Units and Group Titles Act 1980--
lot, lot entitlement and parcel.