What it does
The Land Valuation Act 2010 (Qld) establishes the legal framework for determining the value of land across Queensland. The Valuer-General must decide the value of land as required by the Act (section 5), and those decisions are used for three statutory purposes: calculating liability under the Land Tax Act 2010, enabling local governments to make and levy rates, and calculating rent under the Land Act 1994 for State tenure land (section 6).
A valuation for land tax purposes is called a "land tax valuation", one for rating purposes a "rating valuation", and one for State land rent a "Land Act rental valuation". Where another Act refers to the value or rateable value of land, and a valuation is in effect, that valuation determines the answer (section 6(5)). This means the Act underpins not just the Valuer-General's work but a wide range of downstream obligations and calculations.
The Act replaced the Valuation of Land Act 1944 and commenced on a date fixed by proclamation, with transitional provisions preserving the validity of valuations and proceedings started under the earlier Act.