LAND TAX ACT 2005 - SECT 64 Definitions

LAND TAX ACT 2005 - SECT 64

    (1)     In this Division—

S. 64(1) def. of discretionary trust inserted by No. 69/2011 s. 31(1).

"discretionary trust" means a trust under which the distribution or vesting of the whole or any part of the trust income or property—

        (a)     is required to be determined by a person either in respect of the identity of the beneficiaries or the quantum of interest to be taken, or both; or

        (b)     will occur in the event that a discretion conferred under the trust is not exercised;

S. 64(1) def. of greater Melbourne substituted by Nos 85/2006 s. 173(Sch. 1 item 3.1), 40/2014 s. 22(1)(b).

"greater Melbourne" means the aggregate area consisting of—

        (a)     the area within the municipal district of each Council listed in Part 1 of Schedule 2; and

        (b)     the area within an urban growth boundary specified in a planning scheme that is in force in the municipal district of each Council listed in Part 2 of Schedule 2;

S. 64(1) def. of planning scheme inserted by No. 40/2014 s. 22(1)(a).

"planning scheme" means a planning scheme to which the Planning and Environment Act 1987 applies;

"primary production" means—

        (a)     cultivation for the purpose of selling the produce of cultivation (whether in a natural, processed or converted state); or

        (b)     the maintenance of animals or poultry for the purpose of selling them or their natural increase or bodily produce; or

        (c)     the keeping of bees for the purpose of selling their honey; or

        (d)     commercial fishing, including the preparation for commercial fishing or the storage or preservation of fish or fishing gear; or

        (e)     the cultivation or propagation for sale of plants seedlings mushrooms or orchids;

"proprietary company" has the same meaning as in the Corporations Act;

"relevant period", in relation to a proprietary company means, for any point in time—

        (a)     the previous 3 years; or

        (b)     the period since the incorporation of the company—

whichever is the shorter;

S. 64(1) def. of specified beneficiary inserted by No. 69/2011 s. 31(1), repealed by No. 26/2015 s. 36.

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S. 64(1) def. of urban growth boundary inserted by No. 40/2014 s. 22(1)(a).

"urban growth boundary" has the same meaning as in the Planning and Environment Act 1987 ;

S. 64(1) def. of urban zone amended by No. 69/2011 s. 31(2).

"urban zone" means a zone, or part of a zone, under a planning scheme in force under the Planning and Environment Act 1987 of a type declared under subsection (2) to be an urban zone for the purposes of this Division.

    (2)     The Governor in Council may by Order published in the Government Gazette declare specified types of zones under planning schemes to be urban zones for the purposes of this Division.

S. 64(3)–(5) inserted by No. 85/2006 s. 173(Sch. 1 item 3.2), repealed by No. 40/2014 s. 22(2).

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Pt 4 Div. 2 Subdiv. 2 (Heading) inserted by No. 46/2019 s. 24(2).

Subdivision 2—Primary production land outside greater Melbourne