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1
Valuation of Land Amendment
VALUATION OF LAND AMENDMENT
BILL 1994
EXPLANATORY NOTE
GENERAL OUTLINE
Objective of the Legislation
The objective of the Bill is to provide that only the valuation which was
used as the rating base in the previous financial year may be amended under
section 13BA(1) of the Valuation of Land Act 1944 with the date of effect
being 26 March 1994.
Reasons for the Bill
Since the amendment to the Valuation of Land Act 1944 which
introduced section 13BA(1) it has become apparent that the original
intention of the 1993 amendment was not carried forward into legislation.
This intention was to allow only one effective valuation to be amended to
reflect changes which occur late in the financial year or in the next financial
year. The purpose of this amendment is to rectify this oversight.
The amendment also provides that the power to amend previous
valuations is to commence on 26 March 1994 the date on which the original
section 13BA(1) became effective.
Estimated Cost for Government Implementation
Nil
Consultation
All departments and the Local Government Association of Queensland
support the Bill.
2
Valuation of Land Amendment
Notes on Provisions
Clause 1 sets out the short title of the Bill.
Clause 2 provides for the commencement of the provisions of the
Amending Act.
Clause 3 names the Act being amended.
Clause 4 replaces section 13BA (alteration of valuations for rate
adjustments under Local Government Act or City of Brisbane Act) as
inserted by section 804 and schedule of the Local Government Act 1993 and
inserts section 29A. Part 1 of the section provides for the alteration of a
valuation used for rating purposes in the previous financial year to enable a
rate adjustment. Part 2 provides a discretionary power under which the chief
executive may decide not to alter the valuation.
© The State of Queensland 1994