An Act to amend the Valuation of Land Act 1916 relating to the valuation of heritage restricted land; and to make a similar amendment to the Heritage Act 1977.
1 Name of Act
This Act is the Valuation of Land Amendment Act 2009.
2 Commencement
This Act commences on the date of assent to this Act.
Schedule 1 Amendment of Valuation of Land Act 1916 No 2
[1] Section 14G Valuation subject to heritage restrictions under EPI
Insert after section 14G (1) (b):(b1) that all improvements referred to in paragraph (b) on that land are new (without any deduction being made because of their actual condition),
[2] Schedule 2 Savings, transitional and other provisions
Insert at the end of clause 1 (1):
[3] Schedule 2, Part 6
Insert after Part 5 of Schedule 2:Part 6 Provisions consequent on enactment of Valuation of Land Amendment Act 200918 Operation of amendments(1) The amendments made to section 14G of this Act, and to section 123 of the Heritage Act 1977, by the Valuation of Land Amendment Act 2009 are taken to have applied, and always to have applied, to any land valuation made before the commencement of this clause.(2) Subclause (1) does not affect any decision made by a court before the commencement of this clause.
Schedule 2 Amendment of Heritage Act 1977 No 136
[1] Section 123 Definitions
Omit “may be continued, and” from paragraph (b) of the definition of heritage valuation.Insert instead “may be continued,”.
[2] Section 123, definition of “heritage valuation”
Insert after paragraph (b):(b1) that all improvements referred to in paragraph (b) on that land are new (without any deduction being made because of their actual condition),