Queensland Consolidated Acts

LAND TAX ACT 1915 - SECT 3G

(1) This section applies in relation to the land tax levied for each of the following financial years (the relevant years)--

* the financial year starting 1 July 2007

* the financial year starting 1 July 2008

* the financial year starting 1 July 2009.

(2) This section applies to a parcel of land, for the land tax levied for a relevant year, if--

(a) section 3CA does not apply for levying land tax on the land for the relevant year; and

(b) the land had an unimproved value that applied for the previous financial year; and

(c) the uncapped value of the land for the relevant year is more than 150% of the relevant unimproved value of the land for the previous financial year.

(3) The capped value of the land for the relevant year is 150% of the relevant unimproved value of the land for the previous financial year.

(4) In this section--

uncapped value of land, for a relevant year, means the lesser of the following--

(a) the unimproved value of the land that applies for the relevant year;

(b) the averaged unimproved value of the land for the relevant year.