90CUnencumbered value determination

90C Unencumbered value determination (1) This section applies in relation to working out the duty payable for a relevant acquisition under section 90A in relation to an interest in a landholder. Note This section may also apply in relation to working out the amount of duty payable in relation to a further acquisition under s 90B if s 90B (2) (a) (i) (B) applies. (2) The commissioner may determine, in writing, the unencumbered value of all landholdings in the ACT of the landholder on the day another acquisition is made (an unencumbered value determination). (3) The commissioner may make an unencumbered value determination only if the commissioner is satisfied that the unencumbered value of all landholdings in the ACT of the landholder on the day the other acquisition is made is supported by— (a) a valuation report prepared by an accredited valuer not more than 12 months after the day the other acquisition is made; or (b) any other evidence. accredited valuer—see the Planning Act 2023, dictionary. another acquisition—see section 90A (2) (b). valuation report, in relation to an interest in a landholder, means a document setting out the unencumbered value of landholdings in the ACT of the landholder on a stated day.