New South Wales Consolidated Acts
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LAND TAX MANAGEMENT ACT 1956 - SECT 40
Discount for early payment
40 Discount for early payment
(1) A person who pays land tax within 30 days after service of the notice of
assessment of the land tax is entitled to a discount of the amount of land tax
specified in the assessment excluding overdue land tax if--
(a) the whole of
the amount specified in the assessment is paid, and
(b) no other liability in
relation to land tax, interest or penalty tax is, at the time of payment,
payable by the person to the Chief Commissioner (including a liability subject
to objection, appeal or other dispute) or any such liability is paid in full
when making the payment.
(2) The discount is to be at the rate determined by
order of the Treasurer published in the Gazette. A rate may be determined in
respect of assessments generally or in relation to assessments issued in a
specified land tax year.
(3) This section has effect despite any other
provision of this Act or the Land Tax Act 1956 .
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