Discount for eligible pensioners
24 Discount for eligible pensioners
A liable person is eligible for a pensioner discount in respect of the levy payable on leviable land if the liable person is an eligible pensioner.
The levy payable for a financial year is to be reduced by the pensioner discount amount.
The pensioner discount amount is proportionate to the number of quarterly instalment periods during the financial year in which the liable person is an eligible pensioner.
Only one pensioner discount can be claimed in respect of a parcel of land, even if more than one eligible pensioner is a liable person in respect of the land.
If the pensioner discount amount is more than the levy that (but for the discount) would be payable, the levy payable is zero.
This Act’s bill:Explanatory memorandumSecond reading speech
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