AUSTRALIAN CAPITAL TERRITORY

Rates and Land Tax (Amendment) Act
1992
No. 31 of 1992

An Act to amend the Rates and Land Tax Act 1926
	[Notified in ACT Gazette S 92: 1 July 1992]
	The Legislative Assembly for the Australian Capital Territory enacts as follows:
Short title
1.  This Act may be cited as the Rates and Land Tax (Amendment) Act 1992.
Commencement
2.  (1)  Sections 1, 2 and 3 commence on the day on which this Act is notified in the Gazette.
(2)  The remaining provisions commence on 1 July 1992.
Principal Act
3.  In this Act, “Principal Act” means the Rates and Land Tax Act 1926.1
Interpretation
4.  (1)  Section 4 of the Principal Act is amended—
	(a)	by inserting in subsection (1) the following definition:
“ ‘City Area’ has the same meaning as in the City Area Leases Act 1936 as in force on 1 April 1992;”; and
	(b)	by omitting from subsection (1) the definition of “the City Area”.
(2)  The amendments effected by subsection (1) shall be taken to have commenced on 2 April 1992.
Substitution
5.  Section 13 of the Principal Act is repealed and the following section substituted:
Imposition
“13.  (1)  Rates are imposed in respect of each parcel of rateable land in the City Area at the rate of 1.019% per annum of its unimproved value.
“(2)  Rates are imposed in respect of each parcel of rateable land outside the City Area at the rate of 0.5095% per annum of its unimproved value.”.
Exempt land
6.  Section 22B of the Principal Act is amended—
	(a)	by omitting paragraph (1) (c) and substituting the following paragraph:
	“(c)	a parcel of land outside the City Area leased primarily for the purpose of primary production;”; and
	(b)	by omitting paragraph (1) (e) and substituting the following paragraph:
	“(e)	a parcel of land leased for development to the extent necessary to make the land suitable for subdivision into parcels of land to be leased;”.
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note
1.	Reprinted as at 31 March 1992. 
[Presentation speech made in Assembly on  23 June 1992]

© Australian Capital Territory 1992