72Changes deemed to take effect at end of quarterly instalment period

72 Changes deemed to take effect at end of quarterly instalment period

72 Changes deemed to take effect at end of quarterly instalment period

(1) If circumstances occur during a financial year that justify a new classification, the sub-classification or the revocation of sub-classification of a person’s land, those circumstances are to be treated by a council, for the purpose of setting an effective date for the new classification, sub-classification or revocation, as having occurred on the date that is the first date of the next quarterly instalment period after the quarterly instalment period during which the change actually occurred.

(2) This section does not apply to a new classification that is made because of the making of a regulation that changes the requirements for classification of land.

Note—

A regulation that changes classification requirements may specify when it takes effect for classification purposes.