39Reassessment—completion of development

39 Reassessment—completion of development (a) the commissioner has prepared an assessment of rates payable in relation to a qualifying parcel of land for a period; and (b) before the end of the period the land stops being a qualifying parcel because it is subdivided under the Unit Titles Act; and

(c) the commissioner is satisfied that the percentages of the development that are to be used for residential and commercial purposes are different from the percentages determined by a qualifying development determination for the parcel. (2) The commissioner must— (a) redetermine the percentages under section 32 (5); and (b) reassess the amount of rates payable for the parcel for the whole period when the land was a qualifying parcel.