2ADetermination of estimated annual value

2A Determination of estimated annual value (1) Despite any law to the contrary, in determining the estimated annual value of any land for any valuation used by a rating authority for a rating period which commenced before, on or after 1 October 1995 no deduction is to be made for— (a) any provision, allowance or notional contribution to a sinking fund for the renewal or replacement of any building, fitting, fixture or other improvement on that land; or (b) any provision or allowance or setting aside of an amount for depreciation of any building, fitting, fixture or other improvement on that land. S. 2A(2)(3) repealed by No. 50/2024 s. 57. Part I—Valuer-general