Victorian Current Acts

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LAND TAX ACT 2005 - SECT 78

Retirement villages

    (1)     Land is exempt land if it is occupied, or currently available for occupation, as a retirement village.

    (2)     If the Commissioner is satisfied that only a part of land is occupied, or currently available for occupation, as a retirement village

        (a)     land tax is assessable on the remaining part of the land, unless another exemption applies to that part; and

        (b)     section 22 applies, if necessary, for that purpose.

    (3)     In this section—

S. 78(3) def. of retirement village amended by No. 28/2017 s. 63.

"retirement village" means a complex containing residential premises (whether or not including hostel units) predominantly or exclusively occupied, or available for occupation, by retired persons under—

        (a)     a residential tenancy agreement or any other lease or licence; or

        (b)     a right conferred by shares; or

        (c)     the ownership of residential premises subject to a right or option of repurchase on conditions restricting the subsequent disposal of the premises—

other than a complex or premises that is or are a residential care facility or supported residential service.

S. 78A inserted by No. 36/2010 s. 12.



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