(1)  In this section –

applicable area of land , in relation to an averaged area rate, means an area of land that is rateable land in a locality and that is within the category of rateable land, in the locality, to which the rate applies.

(2)  The amount of an averaged area rate must be expressed in dollars or in dollars and cents.

(3)  The amount of an averaged area rate must be the amount obtained by dividing, by the number of applicable areas of land, the sum of all the relevant amounts in relation to the applicable areas of land.

(4)  For the purposes of subsection (3) , the relevant amount in relation to an applicable area of land is the amount of the general rate that would be payable in respect of the land if the general rate applied in respect of the land for the financial year for which the averaged area rate is to apply.

(5)  For the purposes of subsection (4) , the calculation, in relation to an applicable area of land, of the general rate payable in relation to land for the financial year in respect of which the averaged area rate is to apply must be made on the basis of the valuation that had effect in relation to the land immediately before that averaged area rate is made.

(6)  For the purposes of subsection (5) , a supplementary valuation, of an area of land, that is made after the averaged area rate is made is not to be taken under section 89A to have effect in relation to the land immediately before that averaged area rate is made.

(7)  The same category of value of land as the general rate is based on under section 90(3) in respect of a financial year must be used in determining –

(a) the relevant amount for the financial year in respect of an applicable area of land; and

(b) whether the value of an applicable area of land is within a range of values of land.