26AAValuation of strata parcel

#### 26AA Valuation of strata parcel 26AA Valuation of strata parcel > > (1) If the Valuer-General makes a valuation of a strata parcel, the parcel must be valued— > > > > > (a) as a single parcel, and > > > > > (b) as if it were owned by a single owner. > > > (2) For the purposes of the valuation and all purposes incidental to the valuation, including objection to the valuation, the parcel and all improvements on the parcel are taken to be owned by the owners corporation and by no other person. > > > (3) From the registration of a strata plan until a valuation of the parcel showing the owners corporation as owner becomes effective for rating and taxing purposes, the valuation in force is taken to be a valuation of the parcel made by the Valuer-General as if the owners corporation were shown as owner on that valuation. > > > (4) The Valuer-General is not, for the purposes of the making, levying, imposition, assessment or recovery of rates or taxes, required to make separate valuations of any parts of a parcel otherwise than if the parcel were owned by a single owner. > > > (5) In this section— > > > > owners corporation, in relation to the valuation of a strata parcel, means the owners corporation of the strata scheme under the [Strata Schemes Development Act 2015](/view/html/inforce/current/act-2015-051) in which the parcel is comprised. > > > > strata parcel means a parcel within the meaning of the [Strata Schemes Development Act 2015](/view/html/inforce/current/act-2015-051). > > > > strata plan means a strata plan within the meaning of the [Strata Schemes Development Act 2015](/view/html/inforce/current/act-2015-051). > > **s 26AA:** Ins 2015 No 51, Sch 9.24 \[6\].