(1)  Land tax is payable in respect of land that is not exempt land by the person who is the owner of the land as at the commencement of the financial year.

(2)  Land tax is payable in respect of each financial year and is due on a date the Commissioner determines or, if there is a sale, or transfer, of land by an owner of land by whom land tax is payable, is due on the relevant day, within the meaning of section 39 , in relation to the sale or transfer, whichever date occurs first.

(3)  Except as provided by Division 11 of Part 9 of the Local Government Act 1993 , land tax is a first charge on the land in priority to all mortgages, rates, charges, liens and encumbrances.

(4)  For the avoidance of doubt, land tax payable under this section includes any land tax that is imposed under Division 1A .