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This is a Bill, not an Act. For current law, see the Acts databases.


VALUATION OF LAND AMENDMENT BILL 2009




Valuation of Land Amendment
Bill 2009
No     , 2009


A Bill for

An Act to amend the Valuation of Land Act 1916 relating to the valuation of heritage
restricted land; and to make a similar amendment to the Heritage Act 1977.
Clause 1      Valuation of Land Amendment Bill 2009




The Legislature of New South Wales enacts:                         1

 1    Name of Act                                                  2

           This Act is the Valuation of Land Amendment Act 2009.   3

 2    Commencement                                                 4

           This Act commences on the date of assent to this Act.   5




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Valuation of Land Amendment Bill 2009

Amendment of Valuation of Land Act 1916 No 2                          Schedule 1




Schedule 1             Amendment of Valuation of Land Act                               1
                       1916 No 2                                                        2

[1]   Section 14G Valuation subject to heritage restrictions under EPI                  3

      Insert after section 14G (1) (b):                                                 4
                   (b1) that all improvements referred to in paragraph (b) on that      5
                           land are new (without any deduction being made because       6
                           of their actual condition),                                  7

[2]   Schedule 2 Savings, transitional and other provisions                             8

      Insert at the end of clause 1 (1):                                                9

                   Valuation of Land Amendment Act 2009                                10

[3]   Schedule 2, Part 6                                                               11

      Insert after Part 5 of Schedule 2:                                               12


      Part 6       Provisions consequent on enactment of                               13
                   Valuation of Land Amendment Act 2009                                14

       18    Operation of amendments                                                   15

             (1)   The amendments made to section 14G of this Act, and to              16
                   section 123 of the Heritage Act 1977, by the Valuation of Land      17
                   Amendment Act 2009 are taken to have applied, and always to         18
                   have applied, to any land valuation made before the                 19
                   commencement of this clause.                                        20

             (2)   Subclause (1) does not affect any decision made by a court before   21
                   the commencement of this clause.                                    22




                                                                            Page 3
               Valuation of Land Amendment Bill 2009

Schedule 2     Amendment of Heritage Act 1977 No 136




Schedule 2            Amendment of Heritage Act 1977 No 136                            1

[1]   Section 123 Definitions                                                          2

      Omit "may be continued, and" from paragraph (b) of the definition of heritage    3
      valuation.                                                                       4

      Insert instead "may be continued,".                                              5

[2]   Section 123, definition of "heritage valuation"                                  6

      Insert after paragraph (b):                                                      7
                   (b1) that all improvements referred to in paragraph (b) on that     8
                          land are new (without any deduction being made because       9
                          of their actual condition),                                 10




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