Australian Capital Territory
Rates and Land Tax Legislation Amendment Act 2012
A2012-37
    
Contents
	Page
Part 1	Preliminary
	1	Name of Act	2
	2	Commencement	2
	3	Legislation amended	2
Part 2	Land Tax Act 2004
	4	Dictionary, definitions of residential land and rural land	3
Part 3	Rates Act 2004
	5	Dictionary, definitions of residential land and rural land	4

Australian Capital Territory
Rates and Land Tax Legislation Amendment Act 2012
A2012-37

An Act to amend legislation about rates and land tax

    

The Legislative Assembly for the Australian Capital Territory enacts as follows:

Part 1	Preliminary
1	Name of Act
This Act is the Rates and Land Tax Legislation Amendment Act 2012.
2	Commencement
This Act commences on 1 July 2012.
Note	The naming and commencement provisions automatically commence on the notification day (see Legislation Act, s 75 (1)).
3	Legislation amended
This Act amends the Land Tax Act 2004 and the Rates Act 2004. 

Part 2	Land Tax Act 2004
4	Dictionary, definitions of residential land and rural land
substitute
residential land means—
	(a)	rateable land leased for residential purposes only; or
	(b)	rateable land leased for residential purposes and other purposes but used for residential purposes only; or
	(c)	a parcel of rateable land included in the common property of a community title scheme under the Community Title Act 2001, if—
	(i)	at least 1 parcel of land in the scheme is residential land under paragraph (a) or (b); and
	(ii)	no parcel of land in the scheme is leased for a commercial purpose.
rural land means—
	(a)	rateable land leased for the purpose of primary production only; or
	(b)	rateable land leased for the purpose of primary production and other purposes but used mainly for primary production; or
	(c)	a parcel of rateable land included in the common property of a community title scheme under the Community Title Act 2001, if no parcel of land in the scheme is—
	(i)	residential land; or
	(ii)	leased for a commercial purpose.

Part 3	Rates Act 2004
5	Dictionary, definitions of residential land and rural land
substitute
residential land means—
	(a)	rateable land leased for residential purposes only; or
	(b)	rateable land leased for residential purposes and other purposes but used for residential purposes only; or
	(c)	a parcel of rateable land included in the common property of a community title scheme under the Community Title Act 2001, if—
	(i)	at least 1 parcel of land in the scheme is residential land under paragraph (a) or (b); and
	(ii)	no parcel of land in the scheme is leased for a commercial purpose.
rural land means—
	(a)	rateable land leased for the purpose of primary production only; or
	(b)	rateable land leased for the purpose of primary production and other purposes but used mainly for primary production; or
	(c)	a parcel of rateable land included in the common property of a community title scheme under the Community Title Act 2001, if no parcel of land in the scheme is—
	(i)	residential land; or
	(ii)	leased for a commercial purpose.

Endnotes
1	Presentation speech
	Presentation speech made in the Legislative Assembly on 29 March 2012.
2	Notification
	Notified under the Legislation Act on 18 June 2012.
3	Republications of amended laws
	For the latest republication of amended laws, see www.legislation.act.gov.au.

I certify that the above is a true copy of the Rates and Land Tax Legislation Amendment Bill 2012, which was passed by the Legislative Assembly on 7 June 2012. 

Clerk of the Legislative Assembly

© Australian Capital Territory 2012