STATUTORY RULES.

1911. No. 23.

PROVISIONAL REGULATION UNDER THE LAND TAX ASSESSMENT ACT 1910.

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby certify that the following Regulation under the Land Tax Assessment Act 1910 should, on account of urgency, come into immediate operation, and make the Regulation to come into operation forthwith as a Provisional Regulation.

Dated this 3rd day of March, One thousand nine hundred and eleven.

DUDLEY,

Governor-General.

By His Excellency’s Command,

C. E. FRAZER,

for the Treasurer.

The Land Tax Regulations 1911 (Statutory Rules 1911, No, 8) are amended as follow:—

(i.) By inserting therein, after Regulation 8, the following Regulations:—

“Returns by Persons other than Taxpayers.

“8a. The Commissioner may, by notice in the Gazette, require all persons who, on the 30th day of June last past, were owners of land of a total unimproved value of an amount specified in the notice or upwards (not being less than £3,000) to furnish the returns which by the Act are required to be furnished by taxpayers.

“Such returns shall (except so far as is otherwise specified in the notice) be furnished in the manner and within the time prescribed with regard to returns made by taxpayers.

C.5514.—Price 3d.

“Returns by Companies.

“8b. The Commissioner may, by notice in the Gazette, require any or all Companies (whether taxpayers or not) to make either or both the following separate returns:—

(a) A return for all the land owned by the Company; and

(b) A return setting forth names and addresses of the shareholders of the Company as at the 30th of June then last past and the number of shares held by each shareholder on that date.

“Such returns shall (except so far as is otherwise specified in the notice) be furnished in the manner and within the time prescribed with regard to returns made by taxpayers.

“Nothing in this Regulation shall affect the liability of a Company to make any return required to be made by the Act or by any other Regulation.”

(ii.) By omitting from Regulation 51 the words:—“The value under (b) would be calculated on the basis of 4½ per cent. under Table I.,” and inserting in their stead the words:—“The value under (b) shall be calculated on the basis of 4½ per cent. as follows:—

(a) Where the lease is for a fixed period of years, under Table I.;

(b) Where the lease is for a life term only, under Table II. or Table III., as the case requires; and

(c) Where the lease is for a term of years, but determinable on the death of any person, under—

(i.) Table I.; or

(ii.) Table II. or Table III., as the case requires, whichever gives the lower value.

Printed and Published for the Government of the Commonwealth of Australia by j. Kemp, Government Printer for the State of Victoria.