Federal Register of Legislation - Australian Government

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Land Tax Assessment Act 1952

Authoritative Version
  • - C1952A00023
  • No longer in force
Act No. 23 of 1952 as made
An Act to amend the Land Tax Assessment Act 1910-1951.
Date of Assent 12 Jun 1952
Date of repeal 01 Apr 1953
Repealed by Land Tax Abolition Act 1953

LAND TAX ASSESSMENT.

 

No. 23 of 1952.

An Act to amend the Land Tax Assessment Act 1910–1951.

[Assented to 12th June, 1952.]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.)     This Act may be cited as the Land Tax Assessment Act 1952.

(2.)  The Land Tax Assessment Act 1910–1951 is in this Act referred to as the Principal Act.

(3.)  The Principal Act, as amended by this Act, may be cited as the Land Tax Assessment Act 1910–1952.

Commencement.

2.    This Act shall come into operation on the day on which it receives the Royal Assent.

Taxable value.

3.    Section eleven of the Principal Act is amended by omitting from paragraph (b) of sub-section (2.) the words “Five thousand pounds” and inserting in their stead the words “Eight thousand seven hundred and fifty pounds”.

Joint owners.

4.    Section thirty-eight of the Principal Act is amended by omitting from sub-section (7.) the words “Five thousand pounds” (wherever occurring) and inserting in their stead the words “Eight thousand seven hundred and fifty pounds”.

Deductions under original and subsidiary settlements and wills.

5.    Section thirty-eight a of the Principal Act is amended by omitting from sub-section (1.) the words “Five thousand pounds” (wherever occurring) and inserting in their stead the words “Eight thousand seven hundred and fifty pounds”.

Application of amendments.

6.    The amendments effected by this Act apply to all assessments for the financial year which began on the first day of July, One thousand nine hundred and fifty-one, and for all subsequent financial years.