Australian Capital Territory Numbered Acts

LAND TAX ACT 2004 (NO. 4 OF 2004) - SECT 33

    (1)     This section applies if—

        (a)     the commissioner has made an assessment of land tax (the previous land tax assessment ) for a qualifying parcel of land for a period; and

        (b)     before the end of the period—

              (i)     the parcel stops being a qualifying parcel because of the happening of a circumstance mentioned in section 31 (b), (c), (f) or (g); or

              (ii)     the commissioner is satisfied that the parcel has stopped being a qualifying parcel because of a circumstance mentioned in section 31 (d) or (e).

    (2)     The commissioner must reassess the amount of land tax payable for the parcel of land for the period when the parcel was a qualifying parcel for—

        (a)     the period when the previous land tax assessment was made; or

        (b)     if there has been more than 1 assessment—the period equal to both or all of the periods for which assessments were made.

    (3)     The reassessment must be on the basis that the parcel is not, and was never, a qualifying parcel.