13QSupplementary valuation of rateable land or non-rateable leviable land for windfall gains tax

13Q Supplementary valuation of rateable land or non-rateable leviable land for windfall gains tax S. 13Q(1) amended by No. 50/2024 s. 77(a). (1) If a request for a supplementary valuation is made under section 13P, the valuer-general must carry out a supplementary valuation of the land. S. 13Q(2) amended by No. 50/2024 s. 77(b). (2) The valuer in carrying out a supplementary valuation must— (a) have regard to the general levels of value on which the valuation in force was based; and (b) assess the value that the land would have had if, at the time at which the last valuation was made, it had been zoned in accordance with the rezoning of the land caused by the WGT event. (3) A supplementary valuation under this Part when certified by the valuer-general under section 13R must be treated as a part of the valuation in force and has the effect of cancelling anything contained in the existing valuation that is not consistent with the supplementary valuation. S. 13Q(4) amended by No. 16/2025 s. 22(5)(j). (4) Despite subsection (3), the Commissioner, a council or a collection agency may, for the purpose of assessing windfall gains tax or levying or adjusting a municipal rate or emergency services and volunteers funding levy, use a supplementary valuation under this Part before it is certified by the valuer-general. S. 13Q(5) amended by No. 16/2025 s. 22(5)(j). (5) If a supplementary valuation has been made under this Part, a council or collection agency (as the case requires) may adjust a rate or emergency services and volunteers funding levy payable retrospectively for any period it considers just. (6) The valuer-general must give the supplementary valuation to the Commissioner within 10 business days after the Commissioner requests it. S. 13R inserted by No. 52/2021 s. 96.