New South Wales Consolidated Acts

LAND TAX MANAGEMENT ACT 1956 - SECT 62TC

62TC Definition

(1) In this Division, "land value" means:

(a) in the case of land other than a stratum, the land value of the land as determined in accordance with the Valuation of Land Act 1916 , and

(b) in the case of a stratum, the land value of the stratum as determined in accordance with the Valuation of Land Act 1916 .

(2) For the purposes of this Division, land is within a "residential, commercial, business or industrial zone" if it is zoned or otherwise designated for use under an environmental planning instrument (within the meaning of the Environmental Planning and Assessment Act 1979 ) for, or principally for, residential, commercial, business or industrial purposes, or for some or all of those purposes.