Western Australia

Revenue Laws Amendment Act 2009

Western Australia

Revenue Laws Amendment Act 2009

CONTENTS

Part 1 — Preliminary matters

1.           Short title                                                                         2

2.           Commencement                                                               2

Part 2 — Land Tax Act 2002 amended

3.           Act amended                                                                   3

4.           Section 5 amended                                                           3

Part 3 — Metropolitan Region Improvement Tax Act 1959 amended

5.           Act amended                                                                   4

6.           Section 10 amended                                                          4

Western Australia

Revenue Laws Amendment Act 2009

No. 3 of 2009

An Act to amend —

·the Land Tax Act 2002; and

·the Metropolitan Region Improvement Tax Act 1959.

[Assented to 14 May 2009]

The Parliament of Western Australia enacts as follows:

Part 1 — Preliminary matters

1.           Short title

             This is the Revenue Laws Amendment Act 2009.

2.           Commencement

             This Act comes into operation as follows —

                 (a)    Part 1 comes into operation 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 2008.

Part 2 — Land Tax Act 2002 amended

3.           Act amended

             This Part amends the Land Tax Act 2002.

4.           Section 5 amended

             In section 5 delete Table 7 and insert:

Table 7: Land tax rates for 2008/09 and subsequent financial years

Unimproved value of the land		Rate of land tax
Exceeding ($)	Not exceeding ($)
0	300 000	Nil
300 000	1 000 000	0.09 cent for each $1 in excess of $300 000
1 000 000	2 200 000	$630 + 0.47 cent for each $1 in excess of $1 000 000
2 200 000	5 500 000	$6 270 + 1.22 cents for each $1 in excess of $2 200 000
5 500 000	11 000 000	$46 530 + 1.46 cents for each $1 in excess of $5 500 000
11 000 000		$126 830 + 2.16 cents for each $1 in excess of $11 000 000

Part 3 — Metropolitan Region Improvement Tax Act 1959 amended

5.           Act amended

             This Part amends the Metropolitan Region Improvement Tax Act 1959.

6.           Section 10 amended

             In section 10 delete Table 2 and insert:

Table 2: Metropolitan Region Improvement Tax rates for 2008/09 and subsequent years of assessment

Unimproved value of the land		Rate of Metropolitan Region Improvement Tax
Exceeding ($)	Not exceeding ($)
0	300 000	Nil
300 000		0.14 cent for each $1 in excess of $300 000