Commonwealth legislation

Land Tax (Crown Leases) Regulations

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

33 of 1930

Collection

legislative instrument

Plain English Summary

2/10 complexity

What these regulations do

These rules set out how to calculate land tax for specific types of government land leases (called Crown leases).

Who and what they apply to

The regulations cover leases that meet two conditions:

Leases where you pay annual rent to the government; or
Leases where the government has the right to take back (resume) the land.

The practical effect

If you hold one of these leases, the regulations tell the Tax Office to use Table I from the main Land Tax Regulations to work out the "unimproved value" of your lease.

Unimproved value means the value of the land itself, ignoring any buildings or other improvements you've made. This figure is then used to calculate how much land tax you owe on the leasehold interest.

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Current sections

Direct links to the current provisions in Land Tax (Crown Leases) Regulations.

Land Tax (Crown Leases) Regulations

STATUTORY RULES.

1930. No. 33.

REGULATIONS UNDER THE LAND TAX ASSESSMENT ACT 1910-1930.

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following regulations under the Land Tax Assessment Act 1910-1930, to come into operation forthwith.

Dated the twenty-eighth day of March 1930.

(Sgd.) STONEHAVEN

Governor-General.

By His Excellency’s Command,

C1930L00033-2.jpg

Treasurer.

Land Tax (Crown Leases) Regulations.

Short title.

These Regulations may be cited as the Land Tax (Crown Leases) Regulations.

Application.

These Regulations shall apply to any lease to which section twenty-eight of the Land Tax Assessment Act 1910-1930 applies which is—

(a) a lease in respect of which an annual rent reserved by the lease is payable or is deemed under paragraph (aa) of sub-section (3.) of that section to be payable; and

(b) in the case of a lease from the Crown which is subject to liability to resumption of the whole or of any part or proportion of the land comprised in the lease, whether that part or proportion be defined or not—a lease of that land or any part or proportion thereof, as the case may be, which is deemed to be a lease by virtue of sub-section (4.) of that section.

Calculation of Values.

The unimproved value of a leasehold estate in land under a lease to which these Regulations apply shall be calculated under Table I. in the Schedule to the Land Tax Regulations.

By Authority: H. J. Green, Government Printer, Canberra,

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Land Tax (Crown Leases) Regulations