37BExtension of classification in case of natural disasters, &c.

37B Extension of classification in case of natural disasters, &c.

[Section 37B Inserted by No. 41 of 2013, s. 40, Applied:01 Jul 2013]

(1)  Where land that is classified as principal residence land is affected by flood, fire or other similar disaster so that the land is not suitable to be occupied as principal residence land, the owner of the land may apply to the Commissioner of State Revenue to extend the classification of that land as principal residence land for a period of up to 2 years, notwithstanding that the land is unsuitable for use as principal residence land.

(2)  If an extension is granted under subsection (1) , the owner of the principal residence land is not entitled to have any other land classified as principal residence land during the period of the extension.

(3)  Where land that is classified as primary production land is affected by flood, fire or other similar disaster so that the land is not suitable to be used as primary production land, the owner of the land may apply to the Commissioner of State Revenue to extend the classification of that land as primary production land for a period of up to 2 years, notwithstanding that the land is unsuitable for use as primary production land.

(4)  The Commissioner of State Revenue is not to extend the classification of land under this section unless satisfied that the flood, fire or other similar disaster was outside the control of the owner of the land.