14YHow apportionment factor is determined

14Y How apportionment factor is determined

14Y How apportionment factor is determined

(1) The apportionment factor is the proportion (expressed as a percentage) that the rental value of the part of that land that is non-residential land bears to the rental value of the mixed development land as a whole.

(2) Rental values are to be ascertained in relation to a rating or taxing authority—

(a) as at the 1 July by reference to which the land was valued for the purposes of the valuation list for that authority current at the time the land became mixed development land, and

(b) as at the 1 July by reference to which the land has been valued for the purposes of any subsequent valuation list for that authority.

pt 1B, div 5 (ss 14X–14AA): Ins 2000 No 106, Sch 1 [14].