Tasmanian Consolidated Acts Tasmanian Consolidated Acts
If land is subdivided within the meaning of Part 3 of the Local Government (Building and Miscellaneous Provisions) Act 1993, the land value of that land is –
(a) before any block in that subdivision is sold or transferred, the land value determined as if it were a single parcel of land; and
(b) after a block in that subdivision is sold or transferred, the aggregate land value of the remaining blocks not sold nor transferred.