New South Wales Consolidated Regulations

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LOCAL GOVERNMENT (GENERAL) REGULATION 2005 - REG 120A

Rating of irrigable land the subject of certain post-1.7.05 supplementary valuations

120A Rating of irrigable land the subject of certain post-1.7.05 supplementary valuations

(1) This clause applies to such part of any area as comprises land:
(a) that is categorised as farmland for the purposes of Part 3 of Chapter 15 of the Act, and
(b) that is the subject of a water right within the meaning of the Valuation of Land Act 1916 , and
(c) that, since 1 July 2005, has been the subject of a supplementary valuation under that Act,
unless the council has, by resolution, determined that this clause is not to apply to its area.
(2) Land to which this clause applies is exempt from the provisions of section 498 of the Act to the extent to which that section requires the ad valorem amount of an ordinary rate to apply to the current land value of the land.
(3) Instead, section 498 of the Act applies to any such land as if that section required the ad valorem amount of an ordinary rate to apply to the land value of the land as it was immediately before the land became the subject of the supplementary valuation referred to in subclause (1) (b).
(4) If the supplementary valuation has arisen from a subdivision of land, the land value of each parcel of land arising from the subdivision is taken to be an amount that bears the same proportion to the land value of the unsubdivided land, as it was immediately before the subdivision, as the area of that parcel bears to the area of the unsubdivided land.



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