Australian Capital Territory
Taxation Administration (Rates) Determination 2012 (No 1)
Disallowable instrument DI2012–96
made under the  
Taxation Administration Act 1999, s139 (Determination of amounts payable under tax laws)

1	Name of instrument
This instrument is the Taxation Administration (Rates) Determination 2012 (No 1).
2	Commencement 
This instrument commences on 1 July 2012. 
3	Determination
I determine that, for the purposes of the Rates Act 2004:
a) 	FC or fixed charge for section 14 (3) is:
i) 	$555 for residential land;
ii) 	$1,213 for commercial land; and
iii) 	$126 for rural land;
b) 	P or percentage rate for section 14 (3) is per Table 1.

Table 1
Residential  land
Part of average unimproved value of the parcel:	Percentage rate
(Per cent)	
$1-$150,000	0.2236%	
$150,001-$300,000	0.3136%	
$300,001-$450,000	0.3736%	
$450,001 and over	0.4136%	
 		
Commercial land
Part of average unimproved value of the parcel:		
$1-$150,000	1.9070%	
$150,001-$275,000	2.2670%	
$275,001 and over	2.6070%	
 		
Rural land	0.1489%	

c) 	TA or threshold amount for section 14 (3) and 34 (4) is $0;
d) 	FCC or fixed charge for a parcel of commercial land for section 34 (4) is $1,213;
e)	FCR or fixed charge for a parcel of residential land for section 34 (4) is $555;
f)	PC or percentage rate for a parcel of commercial land for section 34 (4) is per Table 1; and
g)	PR or percentage rate for a parcel of residential land for section 34 (4) is per Table 1.
4	Revocation
DI2011-63 is revoked.

Andrew Barr MLA
Treasurer

29 May 2012