16Timing and notice of assessment of notional carrying capacity

#### 16 Timing and notice of assessment of notional carrying capacity 16 Timing and notice of assessment of notional carrying capacity > > (1) Local Land Services may assess the notional carrying capacity of a holding at any time but must assess it within 5 years of its last assessment. > > > (2) Local Land Services is to give any occupier of the holding notice of its assessment as soon as practicable after it is made (but not later than on the first occasion following the assessment on which a rate notice with respect to the land is given). > > > (3) For the purposes of subclause (2), if there are 2 or more occupiers of a holding, a notice of assessment duly given to any one of the occupiers is taken to have been given to the other occupiers of the holding. > > > (4) An occupier (other than the owner) of a holding who is given a notice of assessment must give each other occupier and each owner oral or written advice of the assessment within 14 days after being given the notice of assessment. > > > > Maximum penalty—10 penalty units.