Australian Capital Territory
Taxation Administration (Rates) Determination 2016 (No 1)
Disallowable instrument DI2016-110
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 2016 (No 1).
2	Commencement 
This instrument commences on 1 July 2016. 
3	Determination
I determine that, for the purposes of the Rates Act 2004:
a) 	FC or fixed charge for section 14 (3) is:
i) 	$765 for residential land;
ii) 	$2,235 for commercial land; and
iii) 	$150 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	0.2746%	
$150,001-$300,000	0.3900%	
$300,001-$450,000	0.4800%	
$450,001-$600,000	0.5400%	
$600,001 and over	0.5750%	
 		
Commercial land
Part of average unimproved value of the parcel:		
$1-$150,000	2.8000%	
$150,001-$275,000	3.3000%	
$275,001-$600,000	4.6600%	
$600,001 and over	4.7700%	
Rural land	0.1468%	

c) 	FCC or fixed charge for a parcel of commercial land for section 34 (4) is $2,235;
d)	FCR or fixed charge for a parcel of residential land for section 34 (4) is $765;
e)	PC or percentage rate for a parcel of commercial land for section 34 (4) is per Table 1; and
f)	PR or percentage rate for a parcel of residential land for section 34 (4) is per Table 1.
4	Revocation
DI2015-162 is revoked.
5	Transitional Provisions
DI2015-162 continues to apply between 1 July 2015 and 30 June 2016 inclusive. 

Andrew Barr MLA
Treasurer
21 June 2016