Western Australian Consolidated Acts Western Australian Consolidated Acts (1) Where by reason
only of a general valuation under the Valuation of Land Act 1978 in
respect of gross rental values the value assigned to land is increased,
the by-laws may impose a charge in respect of the land —
(a) for
the first year after the general valuation came into force, by reference to
the value so assigned reduced by two-thirds of the amount of the increase;
(b) for
the second year after the general valuation came into force, by reference to
the value so assigned reduced by one-third of the amount of the increase.
(2) Where, for the
purposes of this Act, the coming into force of a general valuation is
postponed under section 41F in relation to any land, the value assigned
to that land under that general valuation or under an interim valuation
referred to in subsection (3) of that section shall be taken for the
purposes of subsection (1) to have been assigned pursuant to a general
valuation coming into force when the postponed general valuation comes into
force in relation to that land for the purposes of this Act.
[Section 41D inserted by No. 24 of 1987
s. 8 3 ; amended by No. 17 of 1993 s. 13 6 .]