Victorian Consolidated Legislation

Land Tax Act 2005 - SECT 78

Retirement villages

78. Retirement villages



(1) Land is exempt land if it is occupied, or currently available for
occupation, as a retirement village.

(2) If the Commissioner is satisfied that only a part of land is occupied, or
currently available for occupation, as a retirement village-

   (a)  land tax is assessable on the remaining part of the land, unless
        another exemption applies to that part; and

   (b)  section 22 applies, if necessary, for that purpose.

(3) In this section-

retirement village means a complex containing residential premises (whether or
not including hostel units) predominantly or exclusively occupied, or
available for occupation, by retired persons under-

   (a)  a residential tenancy agreement or any other lease or licence; or

   (b)  a right conferred by shares; or

   (c)  the ownership of residential premises subject to a right or option of
        repurchase on conditions restricting the subsequent disposal of the
        premises- other than a complex or premises that is or are a
        residential care facility or supported residential service within the
        meaning of section 76.





Division 6-Public, government and municipal land