57Effective date for sub-classification

57 Effective date for sub-classification

57 Effective date for sub-classification

(1) A declaration that a parcel of land is vacant land takes effect from a date specified for the purpose in the declaration (this is the effective date for the sub-classification).

(2) The effective date for the sub-classification must be a date of 1 July, 1 October, 1 January or 1 April.

Note—

These dates are the beginning of each quarterly instalment period for the levy.

(3) The effective date for the sub-classification may be a date that is before the date the declaration is made.

(4) However, the earliest effective date for the sub-classification is the date of 1 July in the financial year in which the application is received by the council. The effective date for the sub-classification cannot be in a previous financial year (despite any other provision of this Act).

Note—

See also sections 72 and 73.