LAND TAX ASSESSMENT ACT 2002 - SECT 30H

LAND TAX ASSESSMENT ACT 2002 - SECT 30H

30H .         Family owner of land

                A family owner of land is an owner of the land that —

            (a)         is an individual; or

            (b)         is a corporation in which every shareholder is either the nominated shareholder or a family member of the nominated shareholder (a family corporation ); or

            (c)         holds the land in the capacity of trustee of a discretionary or other trust (other than a unit trust scheme) under which every beneficiary is either the nominated beneficiary or a family member of the nominated beneficiary (a family trust ); or

            (d)         holds the land in the capacity of trustee of a unit trust scheme under which every unit is held by either the nominated unit holder or a family member of the nominated unit holder (a family unit trust scheme ).

        [Section 30H inserted: No. 1 of 2015 s. 6.]