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METROPOLITAN REGION IMPROVEMENT TAX AMENDMENT BILL 2005

                      Western Australia


     Metropolitan Region Improvement Tax
            Amendment Bill 2005

                           CONTENTS

1.     Short title                          1
2.     Commencement                         2
3.     The Act amended                      2
4.     Section 8 amended                    2




                            027--1         page i
 
 
 
                           Western Australia


                      LEGISLATIVE ASSEMBLY



      Metropolitan Region Improvement Tax
             Amendment Bill 2005


                               A Bill for


An Act to amend the Metropolitan Region Improvement Tax Act 1959.



The Parliament of Western Australia enacts as follows:

1.      Short title
        This is the Metropolitan Region Improvement Tax Amendment
        Act 2005.




                                                             page 1
 
 
     Metropolitan Region Improvement Tax Amendment Bill 2005



     s. 2




     2.          Commencement
                 This Act comes into operation on the day on which the Planning
                 and Development Act 2005 comes into operation.

     3.          The Act amended
                 The amendments in this Act are to the Metropolitan Region
 5
                 Improvement Tax Act 1959*.
                 [* Reprint 3 as at 9 May 2003.]

     4.          Section 8 amended
          (1)    Section 8 is amended by inserting after "subsequent year of
                 assessment" --
10

                 "
                       up to and including the year of assessment ending on
                       30 June immediately following the day on which the
                       Planning and Development Act 2005 comes into
                       operation
15
                                                                                 ".
          (2)    After section 8 the following section is inserted --
     "
            9.         Rate of tax imposed after 30 June following
                       commencement of Planning and Development
20
                       Act 2005
                       For the year of assessment commencing on
                       1 July immediately following the day on which the
                       Planning and Development Act 2005 comes into
                       operation, and for each subsequent year of assessment,
25
                       the rate of Metropolitan Region Improvement Tax
                       imposed by this Act and payable under the Planning
                       and Development Act 2005, is 0.15 cent for every
                       dollar of the unimproved value of the land according to
                       the valuation in force under the Valuation of Land
30



     page 2
 
 
Metropolitan Region Improvement Tax Amendment Bill 2005



                                                    s. 4



Act 1978 at midnight on 30 June in the previous
financial year.
                                                      ".




                                                  page 3

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