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LAND VALUATION ACT 2010 - SECT 49 Application of sdiv 3

LAND VALUATION ACT 2010 - SECT 49

Application of sdiv 3

49 Application of sdiv 3

(1) This subdivision applies to a parcel (the
"relevant parcel" ) if—
(a) the relevant parcel is 1 of the parts into which land has been subdivided; and
(b) the person who subdivided the land is the owner of the relevant parcel; and
(c) the relevant parcel is not developed land.
(2) This subdivision also applies to a parcel (also the
"relevant parcel" ) if—
(a) the relevant parcel is 1 of the parts into which land has been reconfigured because of a compulsory acquisition under a law; and
(b) subsection (1) applied to the relevant parcel, as part of a relevant parcel mentioned in subsection (1) , immediately before the compulsory acquisition; and
(c) after the reconfiguration, the same person continues to own the part of the land not compulsorily acquired; and
(d) the relevant parcel is not developed land.
(3) Despite subsections (1) and (2) , this subdivision does not apply for a Land Act rental valuation.
(4) If subdivision 2 applies to land, this subdivision does not affect the operation of subdivision 2 .