Queensland Consolidated Acts Queensland Consolidated Acts(1) Where a time-sharing scheme is or has been implemented in respect of a parcel of land (not being land to which section 11D or 11DA applies) and each participant in that scheme is a proprietor of the land the person for the time being having the management of the scheme shall be deemed to be the owner of the aggregate of the shares in the land held by all the participants and be liable for land tax accordingly.
(2) For the purpose of levying land tax on land to which this section applies the person deemed to be an owner of the land shall be deemed not to own any other land in Queensland.
(3) Where a person pays land tax by reason of the person being deemed to be an owner of land under this section each participant in the time-sharing scheme shall be indebted to that person for an amount that bears to the amount of land tax paid the same proportion as the share held by that participant in the land in respect of which the scheme was implemented bears to the aggregate of the shares in the land held by all the participants.
(4) Section 11(3) or (6A) does not apply to land deemed to be owned by a person under this section.
(5) In this section--
proprietor means a person for the time being registered or entitled to immediate registration under the Land Title Act 1994 as a proprietor of the estate in fee simple.