40Discount for early payment

#### 40 Discount for early payment 40 Discount for early payment > > (1) A person who pays land tax within 30 days after service of the notice of assessment of the land tax is entitled to a discount of the amount of land tax specified in the assessment excluding overdue land tax if— > > > > > (a) the whole of the amount specified in the assessment is paid, and > > > > > (b) no other liability in relation to land tax, interest or penalty tax is, at the time of payment, payable by the person to the Chief Commissioner (including a liability subject to objection, appeal or other dispute) or any such liability is paid in full when making the payment. > > > (2) The discount is to be at the rate determined by order of the Treasurer published in the Gazette. A rate may be determined in respect of assessments generally or in relation to assessments issued in a specified land tax year. > > > (3) This section has effect despite any other provision of this Act or the [Land Tax Act 1956](/view/html/inforce/current/act-1956-027). > > **s 40:** Am 1983 No 14, Sch 1 (5). Subst 1983 No 171, Sch 1 (8). Am 1990 No 88, Sch 1 (13); 1992 No 84, Sch 1 (18). Rep 1996 No 98, Sch 1.3 \[18\]. Ins 1999 No 10, Sch 4 \[1\].