South Australian Consolidated Acts South Australian Consolidated Acts102—Value of notional interest acquired as a result of dutiable
transaction
(1) If a person or
group has, as a result of a dutiable transaction, a prescribed interest in a
land holding entity, the value of the notional interest acquired in the
entity's underlying local land assets is determined as follows:
Where—
"NV" is the value to be of the notional interest acquired
"TV" is the total unencumbered value of all the entity's underlying
local land assets
"P" is the fraction representing the proportionate interest of the person or
group in the entity.
(2) If a person or
group that has a prescribed interest in a land holding entity increases its
prescribed interest as a result of a dutiable transaction, the value of the
notional interest acquired in the entity's underlying local land assets is
determined as follows:
Where—
"NV" is the value to be ascertained
"TV" is the total unencumbered value of all the entity's underlying
local land assets
"P" "1" is the fraction representing the proportionate interest in the entity
before the increase
"P" "2" is the fraction representing the proportionate interest in the entity
after the increase.