Land Tax Act 2010
sec.74Effect of failure to pay an instalment
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sec.74 Effect of failure to pay an instalment
This section applies if a taxpayer— elects to pay land tax by instalments; and fails to pay an instalment by the date stated in the assessment notice for the tax as the date by which the instalment must be paid. Despite section 71 , the outstanding land tax is no longer payable by instalments and must be paid in full by the later of the following dates— the date by which the land tax would have been payable if the taxpayer had not elected to pay the tax by instalments; the date on which the failure to pay the instalment happens. For the Administration Act , section 54 (2) and (2A) (a) , the start date is the day after the date mentioned in subsection (2) (a) . In this section— outstanding land tax means the unpaid land tax payable by the taxpayer at the time the taxpayer fails to pay the instalment, including any later instalment that would have become payable if this section did not apply. (sec.74-ssec.1) This section applies if a taxpayer— elects to pay land tax by instalments; and fails to pay an instalment by the date stated in the assessment notice for the tax as the date by which the instalment must be paid. (sec.74-ssec.2) Despite section 71 , the outstanding land tax is no longer payable by instalments and must be paid in full by the later of the following dates— the date by which the land tax would have been payable if the taxpayer had not elected to pay the tax by instalments; the date on which the failure to pay the instalment happens. (sec.74-ssec.3) For the Administration Act , section 54 (2) and (2A) (a) , the start date is the day after the date mentioned in subsection (2) (a) . (sec.74-ssec.4) In this section— outstanding land tax means the unpaid land tax payable by the taxpayer at the time the taxpayer fails to pay the instalment, including any later instalment that would have become payable if this section did not apply.
- (a) elects to pay land tax by instalments; and
- (b) fails to pay an instalment by the date stated in the assessment notice for the tax as the date by which the instalment must be paid.
- (a) the date by which the land tax would have been payable if the taxpayer had not elected to pay the tax by instalments;
- (b) the date on which the failure to pay the instalment happens.