2017

THE LEGISLATIVE ASSEMBLY FOR THE

AUSTRALIAN CAPITAL TERRITORY

Revenue Legislation Amendment Bill 2017 

SUPPLEMENTARY EXPLANATORY STATEMENT

Presented By 
Andrew Barr MLA
Treasurer

REVENUE LEGISLATION AMENDMENT BILL 2017 
GOVERNMENT AMENDMENT

Amendment 1

Clause 16
Proposed new section 29 (5), definition of AUVU
Page 9, line 8 -

omit the definition, substitute 

AUVU means the AUV of the parcel proportionate to the unit in the parcel, worked out as follows:

This amendment omits the definition of AUVU which contained a formulaic drafting error and substitutes in its place a definition that describes the correct formula for calculating AUVU.