29Time for payment

29 Time for payment

29 Time for payment

(1) As far as practicable, a notice of assessment or reassessment must give an included owner of land subject to property tax an option of paying the property tax in a single instalment or in multiple approximately equal instalments.

(2) If a notice relating to a financial year is issued before 1 August in the financial year, it must provide as far as practicable for—

(a) a single annual instalment to be payable by 31 August in the financial year, or

(b) 4 quarterly instalments to be payable by 31 August, 30 November, 28 February and 31 May in the financial year.

(3) The Chief Commissioner may give reminder notices to included owners who are paying in more than 1 instalment about upcoming instalment payments.

(4) Failure to give a notice of assessment or reassessment or a reminder notice does not affect the liability of an included owner to pay property tax at the times set out in this section.