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Land Valuation Act 2012 (No. 1 of 2014).

Country/Territory
Norfolk Island (Australia)
Document type
Legislation
Date
2014
Source
FAO, FAOLEX
Long title
An Act to enable the valuation of land to establish a basis for raising revenue for purposes of the Administration of Norfolk Island; to assist with the process of tax reform; to provide statistics to assist with economic analysis of the economy; to establish a record of the land values of the Island as they may change from time to time and for related purposes.
Subject
Land & soil
Keyword
Land valuation Legal proceedings/administrative proceedings
Geographical area
Asia and the Pacific, Australia and New Zealand, Oceania, South Pacific
Abstract

This Act provides for how land is to be valued for various other Acts and for other purposes as may be required from time to time. There shall be a valuer-general for Norfolk Island who shall be appointed by the Minister. The Act sets out valuation methodologies. For deciding the value of land, all land is taken to be granted in fee simple. An owner may object to a valuation of the owner’s land. The Act sets out the procedures for such objection. The valuer-general must consider and decide a properly made objection. An objector may appeal to the Administrative Appeals Tribunal against the objection decision for the objection. The Valuer-general must establish a valuation roll for Norfolk Island. The valuation roll is maintained by the Registrar of Titles. The valuation roll must state specified information about each valuation of land.

Full text
English
Website
www.info.gov.nf