Queensland Consolidated Acts Queensland Consolidated Acts(1) Joint owners of land shall be severally assessed and liable in respect of the land (exclusive of the interest of any joint owner exempt under this Act), and the value of each owner's share shall be added to the value of all other land of which he or she is the owner.
(2) Each joint owner of land shall be separately assessed and liable in respect of--
(a) his or her individual interest in the land (as if he or she were the owner of a part of the land in proportion to his or her interest); and
(b) any other land owned by him or her in severalty; and
(c) his or her individual interests in any other land.
(2A) However, where the jointly owned land is of a relevant unimproved value of $50 000 or upwards, or where there are 5 or more joint owners of land, the commissioner may, if the commissioner considers it advisable to do so, make 1 assessment as if the land were owned by 1 person, but in such case the proportional assessment on the shares in the land shall not be added to the individual assessments of the joint owners.
(2B) For the purposes of subsection (2A) lands which are held in severalty for an estate in fee simple by separate titles in the respective names of 2 or more persons shall be considered to be jointly owned by such persons if the lands are used by a partnership firm or company whereof such persons are members.
(3) The commissioner may, for the purposes of this Act, declare any joint owner of land to be the agent or trustee of all other joint owners of the same land.