9BStrata

9B Strata

9B Strata

(1) Land tax, in the case of land subject to the Strata Schemes Development Act 2015, is to be levied and paid in respect of each lot comprised in a parcel.

(2) For the purposes of this Act—

(a) the land value of a lot comprised in a parcel is an amount that bears to the land value of the parcel (within the meaning of section 9 (4)) the same proportion as the unit entitlement of the lot bears to the aggregate unit entitlement, and

(b) the average value of the lot is to be ascertained on the basis of the land value of the lot, as determined under paragraph (a).

(3) Expressions used in this section have the same meanings as in the Strata Schemes Development Act 2015.

s 9B (previously s 9AA): Ins 1994 No 72, Sch 2 (1). Am 1996 No 139, Sch 2.20 [1] [1A] (am 1997 No 55, Sch 2.18 [1] [2]; 1997 No 147, Sch 2.27 [2]). Renumbered 2006 No 50, Sch 3 [5]. Am 2006 No 50, Sch 3 [6]; 2015 No 51, Sch 9.12 [1].

s 9B: Ins 1990 No 35, Sch 1 (2). Am 1990 No 88, Sch 1 (4). Rep 1991 No 47, Sch 1 (8).