Australian Capital Territory Bills
This is a Bill, not an Act. For current law, see the Acts databases.
LAND TAX (INTEREST AND PENALTY) AMENDMENT BILL 2007
THE LEGISLATIVE ASSEMBLY
FOR THE AUSTRALIAN CAPITAL
Land Tax (Interest
and Penalty) Amendment Bill 2007
A Bill for
An Act to amend the Land Tax Act 2004
for other purposes
The Legislative Assembly for the Australian Capital Territory enacts as
1 Name of Act
This Act is the Land Tax (Interest and Penalty) Amendment
This Act commences on the day after its notification day.
Note The naming and commencement provisions automatically commence
on the notification day (see Legislation Act, s 75 (1)).
3 Legislation amended
This Act amends the Land Tax Act 2004.
Note This Act also amends the Taxation Administration Act
4 New section 19A
19A Interest and penalty tax payable on land tax if
(1) This section applies if—
(a) land tax is imposed on a parcel of rateable land under
section 9 (1) (a); and
(b) the owner of the parcel of land fails to comply with section 14
(Commissioner to be told if residential land rented).
(2) The owner is liable to pay interest on the amount of land tax from the
end of 30 days after the 1st day of the 1st quarter for which the tax is
(3) Interest on the amount of land tax is worked out—
(a) for each calendar month that the amount is payable; and
(b) on the 1st day of that month; and
(c) at the interest rate applying to that day; and
(d) on the total amount of land tax that is payable on a day when the
interest is worked out.
Note The Minister may determine an interest rate for this section
under the Taxation Administration Act, s 139.
(4) For subsection (3) (a), if an amount of land tax is payable for part
of a calendar month, interest is payable for the whole month.
(5) The Taxation Administration Act, division 5.2 (Penalty tax) applies to
the owner of the parcel of land as if—
(a) the owner’s failure to comply with section 14 were a tax
(b) a reference to interest under division 5.1 were a reference to
interest under this section; and
(c) a reference to the amount of tax unpaid were a reference to the amount
of land tax payable.
(6) This section applies to land tax imposed before or after the
commencement of this section.
5 Taxation Administration Act 1999, section 30 (1),
Note A taxpayer may also be liable to pay penalty tax under the
Land Tax Act 2004, s 19A (5) (Interest and penalty tax payable on land
tax if no disclosure).
1 Presentation speech
Presentation speech made in the Legislative Assembly on 2007.
Notified under the Legislation Act on 2007.
3 Republications of amended laws
For the latest republication of amended laws, see
© Australian Capital Territory