Estimate of pensioner discount properties
33 Estimate of pensioner discount properties
The estimated number of pensioner discount properties in a property sector is an estimate adopted by the Valuer-General, for a financial year, of the number of parcels of land in that property sector that will be eligible for a pensioner discount in that financial year.
The Valuer-General is to prepare and adopt an estimated number of pensioner discount properties, for each property sector, and give each estimate to the Treasurer by 15 March in the year in which the financial year for which the estimate is made commences or by a later date approved by the Treasurer.
An estimate is not required for the government land property sector.
In this section, a reference to a parcel of land is a reference to a parcel of land that is a separate parcel of land under this Act.
This Act’s bill:Explanatory memorandumSecond reading speech
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