Western Australia

Land Tax Amendment Act 2013

Western Australia

Land Tax Amendment Act 2013

Contents

1.Short title2

2.Commencement2

3.Act amended2

4.Section 5 amended2

Western Australia

Land Tax Amendment Act 2013

No. 15 of 2013

An Act to amend the Land Tax Act 2002.

[Assented to 21 October 2013]

The Parliament of Western Australia enacts as follows:

1.Short title

This is the Land Tax Amendment Act 2013.

2.Commencement

This Act comes into operation as follows —

(a)sections 1 and 2 on the day on which this Act receives the Royal Assent;

(b)the rest of the Act is deemed to have come into operation on 1 July 2013.

3.Act amended

This Act amends the Land Tax Act 2002.

4.Section 5 amended

(1)In section 5 delete the heading to Table 8 and insert:

Table 8: Land tax rates for 2009/10, 2010/11, 2011/12 and 2012/13

(2)In section 5 after Table 8 insert:

Table 9: Land tax rates for 2013/14 and subsequent financial years

Taxable value of the land		Rate of land tax
Exceeding ($)	Not exceeding ($)
0	300 000	Nil
300 000	1 000 000	0.10 cent for each $1 in excess of $300 000
1 000 000	2 200 000	$700 + 0.53 cent for each $1 in excess of $1 000 000
2 200 000	5 500 000	$7 060 + 1.37 cents for each $1 in excess of $2 200 000
5 500 000	11 000 000	$52 270 + 1.64 cents for each $1 in excess of $5 500 000
11 000 000		$142 470 + 2.43 cents for each $1 in excess of $11 000 000