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LAND TAX ACT 2005 - SECT 61I

Commissioner has discretion to extend exemption period

    (1)     The Commissioner may determine that section 61 applies to land for—

        (a)     the year that is 5 years after the year in which the works start date occurred; or

        (b)     both the year that is 5 years and the year that is 6 years after the year in which the works start date occurred.

    (2)     For the purposes of making a determination under subsection (1), the Commissioner must be satisfied that—

        (a)     a company has been contracted to undertake the construction or renovation of a residence on the land; and

        (b)     a liquidator has been appointed to wind up the company; and

        (c)     because of the circumstances referred to in paragraph (b), the works finish date for the construction or renovation has not occurred.

    (3)     If the Commissioner makes a determination under subsection (1)(a), the following provisions apply to the land as if a reference to 4 years were a reference to 5 years—

        (a)     paragraph (b) of the definition of qualifying occupation date ;

        (b)     sections 61C(1) and (2) and  61G(1).

    (4)     If the Commissioner makes a determination under subsection (1)(b), the following provisions apply to the land as if a reference to 4 years were a reference to 6 years—

        (a)     paragraph (b) of the definition of qualifying occupation date ;

        (b)     sections 61C(1) and (2) and  61G(1).

Pt 4 Div. 1 Subdiv. 6 (Heading) inserted by No. 23/2022 s. 18(6).

Subdivision 6—Partial exemptions



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