64Rebate of rates—capped

64 Rebate of rates—capped (1) This section applies to an eligible person if— (a) section 63 does not apply to the person; or (b) section 63 applies to the person but the amount of the rebate to which the person is entitled under section 63 is less than or equal to the amount of the rebate cap under this section. (2) The person is entitled, on application to the commissioner under section 61, to a rebate of the person’s liability for rates for a parcel of (3) The amount of rebate is the lesser of— (a) the rebate cap; and (b) the amount worked out using the formula: (4) If the person is a joint owner of the parcel, the reference to the rebate cap in subsection (3) (a) is a reference to the part of the rebate cap— (a) if the parcel is held by the owners as tenants in common—that is proportional to the person’s interest in the land; and (b) if the parcel is held by the owners as joint tenants—that would be proportional to the person’s interest in the land if the joint tenants were tenants in common in equal shares.yearindays D RL 

(5) In subsection (2), if the person is a special disability trust, the condition in subsection (2) (b) will be satisfied if the parcel is the trust beneficiary’s principal place of residence for all or part of the year. rates, for the year, includes any rates deferred under a deferral rebate cap means the rebate cap determined under the Taxation Administration Act, section 139. RL means the amount of the person’s liability for rates for the parcel