173Land becoming or ceasing to be rateable land

173 Land becoming or ceasing to be rateable land S. 173(1) amended by No. 99/1994 s. 3(2)(f). (1) If land becomes rateable land after 1 July in any financial year, the rate or charge which is payable on that land for the financial year is the amount which is proportionate to the part of that financial year remaining after the land becomes rateable land. (2) If land ceases to be rateable land during a financial year for which a rate or charge has been levied on it, a Council must— (a) if any payment of the rate or charge has been made, refund to the current owner of the land an amount proportionate to the part of that financial year remaining after the land ceases to be rateable land; or (b) if none of the rate or charge has been paid, require the person who is required to pay the rate or charge to only pay an amount proportionate to the part of that financial year before the land ceases to be rateable land. S. 174 repealed by No. 76/1997 s. 16. S. 174A inserted by No. 13/1990 s. 20.