93Valuation of property

93 Valuation of property (1) The provisions of this Act that apply to the ascertainment of the value of transfers in relation to which ad valorem duty is payable apply in the same way to a relevant acquisition under this part and the unencumbered value of landholdings mentioned in it. (2) If any arrangement affecting the unencumbered value of landholdings that was entered into within 12 months before a relevant acquisition was brought about by any person with the intention of reducing the unencumbered value of the landholdings, the commissioner may— (a) cause a valuation of the landholding to be made; and (b) direct the valuer to disregard the arrangement for the purposes of the valuation; and (c) assess duty on the basis of the valuation carried out in accordance with the direction.

General and supplemental Division 3.2.4