sec.33Rental valuation

sec.33 Rental valuation

Subject to subsections (2) and (3) , the rental valuation of land for a rental period is the most recently made Land Act rental valuation of the land for the rental period. The rental valuation of land subject to a category 12.1, 13 or 14.2 tenure for a rental period is the averaged value of the land for the rental period. The rental valuation of land subject to a category 12.2 tenure for a rental period is— the averaged value of the land for the rental period; or if the averaged value of the land for the rental period is more than 13,850 fee units—13,850 fee units. The averaged value of land is the value of the land worked out by averaging the Land Act valuation of the land under schedule 2 . In this section— Land Act rental valuation see the Land Valuation Act 2010 , section 6 (4) . s 33 amd 2020 SL No. 107 s 23 ; 2021 SL No. 48 s 17 ; 2022 SL No. 47 s 14 (sec.33-ssec.1) Subject to subsections (2) and (3) , the rental valuation of land for a rental period is the most recently made Land Act rental valuation of the land for the rental period. (sec.33-ssec.2) The rental valuation of land subject to a category 12.1, 13 or 14.2 tenure for a rental period is the averaged value of the land for the rental period. (sec.33-ssec.3) The rental valuation of land subject to a category 12.2 tenure for a rental period is— the averaged value of the land for the rental period; or if the averaged value of the land for the rental period is more than 13,850 fee units—13,850 fee units. (sec.33-ssec.4) The averaged value of land is the value of the land worked out by averaging the Land Act valuation of the land under schedule 2 . (sec.33-ssec.5) In this section— Land Act rental valuation see the Land Valuation Act 2010 , section 6 (4) .

• (a) the averaged value of the land for the rental period; or
• (b) if the averaged value of the land for the rental period is more than 13,850 fee units—13,850 fee units.