AUSTRALIAN CAPITAL TERRITORY

Rates and Land Tax (Amendment) Act 1996
No. 29 of 1996
	
An Act to amend the Rates and Land Tax Act 1926 
	[Notified in ACT Gazette S130: 1 July 1996]
	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 1996.
Commencement
2.  This Act commences on 1 July 1996.
Principal Act
3.  In this Act, “Principal Act” means the Rates and Land Tax Act 1926.1
Unimproved values—1995, 1996 and 1997
4.  Section 11A of the Principal Act is amended—
	(a)	by omitting from subsection (1) “1 January 1995” and substituting “a special relevant date”; 
	(b)	by omitting from subsection (2) “1 January 1995” and substituting “a special relevant date”;
	(c)	by omitting from subsection (3) all the words before paragraph (c) and substituting—
“Where the unimproved value of a parcel of land as at a special relevant date has been determined or redetermined in accordance with subsection (2)—
	(a)	subsection (2) does not apply to the parcel in relation to any later special relevant date;
	(b)	the unimproved value of the parcel as at any later special relevant date shall be taken to be the unimproved value of the parcel as at 1 January 1994;”; and
	(d)	by adding at the end the following subsection:
“(4)  In this section—
‘special relevant date’ means 1 January 1995 or 1 January 1996.”.
Imposition
5.  Section 13 of the Principal Act is amended—
	(a)	by omitting from subsection (1) “1.0296%” and substituting “1.0605%”; and 
	(b)	by omitting from subsection (2) “0.5148%” and substituting “0.5302%”. 
	
NOTE
Principal Act
1.	Reprinted as at 28 February 1995.  See also Acts Nos. 12 and 54, 1995.
[Presentation speech made in Assembly on 18 June 1996]

©  Australian Capital Territory 1996