sec.289OOwner of land for land tax purposes

### sec.289O Owner of land for land tax purposes This section applies for the purposes of the Land Tax Act 1915 and the Land Tax Act 2010 . Unless subsection (3) applies, if a lessee or sublessee of strategic port land is a subsidiary of the Port of Brisbane Corporation— the subsidiary is taken to be the owner of the land; and the Port of Brisbane Corporation is taken not to be the owner of the land. If there is a port lessee of Brisbane core port land— the port lessee is taken to be the owner of the land; and the Port of Brisbane Corporation and the port lessor are taken not to be the owner of the land. A liability of the Port of Brisbane Corporation for land tax on strategic port land that has accrued but not been paid when a lease or sublease of the land is granted by the Port of Brisbane Corporation to a subsidiary of it is a liability of the subsidiary and not a liability of the Port of Brisbane Corporation. A liability for land tax on Brisbane core port land that has accrued but not been paid when a lease or sublease of the land from the port lessor to a port lessee is terminated or expires is a liability of the entity that was the port lessee immediately before the termination or expiration and not a liability of the port lessor. In this section— land tax includes unpaid tax interest and penalty tax within the meaning of the Taxation Administration Act 2001 . s 289O ins 2010 No. 19 s 122 (sec.289O-ssec.1) This section applies for the purposes of the Land Tax Act 1915 and the Land Tax Act 2010 . (sec.289O-ssec.2) Unless subsection (3) applies, if a lessee or sublessee of strategic port land is a subsidiary of the Port of Brisbane Corporation— the subsidiary is taken to be the owner of the land; and the Port of Brisbane Corporation is taken not to be the owner of the land. (sec.289O-ssec.3) If there is a port lessee of Brisbane core port land— the port lessee is taken to be the owner of the land; and the Port of Brisbane Corporation and the port lessor are taken not to be the owner of the land. (sec.289O-ssec.4) A liability of the Port of Brisbane Corporation for land tax on strategic port land that has accrued but not been paid when a lease or sublease of the land is granted by the Port of Brisbane Corporation to a subsidiary of it is a liability of the subsidiary and not a liability of the Port of Brisbane Corporation. (sec.289O-ssec.5) A liability for land tax on Brisbane core port land that has accrued but not been paid when a lease or sublease of the land from the port lessor to a port lessee is terminated or expires is a liability of the entity that was the port lessee immediately before the termination or expiration and not a liability of the port lessor. (sec.289O-ssec.6) In this section— land tax includes unpaid tax interest and penalty tax within the meaning of the Taxation Administration Act 2001 . - (a) the subsidiary is taken to be the owner of the land; and - (b) the Port of Brisbane Corporation is taken not to be the owner of the land. - (a) the port lessee is taken to be the owner of the land; and - (b) the Port of Brisbane Corporation and the port lessor are taken not to be the owner of the land.