(1) Where the
Valuer-General values the gross rental value of a parcel under the
Valuation of Land Act 1978 for rating and taxing purposes, each lot of
the parcel shall, notwithstanding that or any other Act, be valued separately
as a single lot.
(2) Subject to
subsection (3), where a local government or other authority (in this
subsection called the rating authority) authorised to make and levy rates on
the parcel uses a valuation of the gross rental value of the lots of the
strata company is not liable in relation to the parcel or any lot of the
parcel for any rate made and levied by the local government or the rating
authority, as the case may be; and
proprietor of each lot comprised in the parcel is, subject to any exemptions
or concession that may be applicable, liable for any rate made and levied by
the rating authority.
(3) Where part only of
a lot is liable to any rate, that rate shall be made and levied upon an amount
that bears the same proportion to the value of the lot as the rental value of
the part so liable bears to the rental value of the lot.
[Section 63 amended: No. 14 of 1996