Australian Capital Territory Consolidated Acts

LAND TAX ACT 2004 - SECT 19A

    (1)     This section applies if—

        (a)     land tax is imposed on a parcel of rateable land under section 9 (1) (a); and

        (b)     the owner of the parcel of land fails to comply with section 14 (Commissioner to be told if residential land rented).

    (2)     The owner is liable to pay interest on the amount of land tax from the end of 30 days after the 1st day of the 1st quarter for which the tax is imposed.

    (3)     Interest on the amount of land tax is worked out—

        (a)     for each calendar month that the amount is payable; and

        (b)     on the 1st day of that month; and

        (c)     at the interest rate applying to that day; and

        (d)     on the total amount of land tax that is payable on a day when the interest is worked out.

Note     The Minister may determine an interest rate for this section under the Taxation Administration Act, s 139.

    (4)     For subsection (3) (a), if an amount of land tax is payable for part of a calendar month, interest is payable for the whole month.

    (5)     The Taxation Administration Act, division 5.2 (Penalty tax) applies to the owner of the parcel of land as if—

        (a)     the owner's failure to comply with section 14 were a tax default; and

        (b)     a reference to interest under division 5.1 were a reference to interest under this section; and

        (c)     a reference to the amount of tax unpaid were a reference to the amount of land tax payable.

    (6)     This section applies to land tax imposed before or after the commencement of this section.