Land Tax Amendment Regulations 2012
I, the Governor in and over the State of Tasmania and its Dependencies in the Commonwealth of Australia, acting with the advice of the Executive Council, make the following regulations under the Land Tax Act 2000 .
6 February 2012PETER G. UNDERWOOD
Governor
By His Excellency's Command,
LARA GIDDINGS
Treasurer
These regulations may be cited as the Land Tax Amendment Regulations 2012 .
These regulations take effect on the day on which their making is notified in the Gazette.
In these regulations, the Land Tax Regulations 2010 are referred to as the Principal Regulations.
4. Regulation 7 inserted
After regulation 6 of the Principal Regulations , the following regulation is inserted:For the purposes of the definition of "owner" in section 3A of the Act, the following persons are prescribed:(a) in the case of land not registered under the Land Titles Act 1980 and subject to a mortgage or other encumbrance under which a person is entitled to an equity of redemption, the person for the time being having that equity of redemption;(b) in the case of land not registered under the Land Titles Act 1980 and not subject to a mortgage or other encumbrance –(i) if a person is entitled to an estate of freehold in the land for his or her life, that person; or(ii) if subparagraph (i) does not apply, the person entitled to an estate in fee simple in the land.
Displayed and numbered in accordance with the Rules Publication Act 1953.
Notified in the Gazette on 15 February 2012
These regulations are administered in the Department of Treasury and Finance.
EXPLANATORY NOTE
(This note is not part of the regulation)
These regulations amend the Land Tax Regulations 2010 by prescribing, for the purposes of the definition of "owner" in section 3A of the Land Tax Act 2000 , classes of persons who are owners in respect of land not registered under the Land Titles Act 1980 .