11ARedetermination—change of circumstances (other than

11A Redetermination—change of circumstances (other than chargeable variation of nominal rent lease) (a) a change of circumstances (other than a change mentioned in section 11B) happens in relation to a parcel of land; and

(b) the change of circumstance affects the unimproved value of the land. (2) The commissioner may redetermine the unimproved value of the parcel as at a date if the unimproved value as at that date is used in calculating the average unimproved value of the land for the year in which the change of circumstances happens. (3) The commissioner may also redetermine the unimproved value of the parcel as at a later date if a determination of the unimproved value as at that date did not take the change of circumstances into account. (4) A redetermination under subsection (2) applies to the parcel for the (a) beginning on the day the change of circumstances happened; and (5) A redetermination under subsection (3) applies to the parcel for the (a) beginning on 1 July in the calendar year when the redetermination is made; and