sec.75Duration of annual valuation

### sec.75 Duration of annual valuation An annual valuation takes effect from the next 30 June after its making. An annual valuation continues in effect until the next annual valuation of the land takes effect. However, the effect of an annual valuation is subject to— any maintenance valuation for the annual valuation; and an objection decision affecting the valuation; and an amendment of the valuation because of a valuation appeal or further appeal, or an appeal response amendment. Subsection (5) applies if— the value of land is changed by the loss, under a water entitlement notice, of a water licence the value of which formed part of the land’s value; and the loss happened during the period of 1 year before an annual valuation of the land would otherwise have had effect under subsection (1) . The effect of the loss is not to be reflected in the valuation of the land until the next 30 June after the annual valuation became effective under subsection (1) . s 75 amd 2014 No. 64 s 254 sch 1 (sec.75-ssec.1) An annual valuation takes effect from the next 30 June after its making. (sec.75-ssec.2) An annual valuation continues in effect until the next annual valuation of the land takes effect. (sec.75-ssec.3) However, the effect of an annual valuation is subject to— any maintenance valuation for the annual valuation; and an objection decision affecting the valuation; and an amendment of the valuation because of a valuation appeal or further appeal, or an appeal response amendment. (sec.75-ssec.4) Subsection (5) applies if— the value of land is changed by the loss, under a water entitlement notice, of a water licence the value of which formed part of the land’s value; and the loss happened during the period of 1 year before an annual valuation of the land would otherwise have had effect under subsection (1) . (sec.75-ssec.5) The effect of the loss is not to be reflected in the valuation of the land until the next 30 June after the annual valuation became effective under subsection (1) . - (a) any maintenance valuation for the annual valuation; and - (b) an objection decision affecting the valuation; and - (c) an amendment of the valuation because of a valuation appeal or further appeal, or an appeal response amendment. - (a) the value of land is changed by the loss, under a water entitlement notice, of a water licence the value of which formed part of the land’s value; and - (b) the loss happened during the period of 1 year before an annual valuation of the land would otherwise have had effect under subsection (1) .