Adjustment of levy following change in classification or sub-classification
71 Adjustment of levy following change in classification or sub-classification
A local council must make an appropriate adjustment of any levy paid or payable, and to any instalments payable, by a liable person following a change in classification or sub-classification of land or a revocation of sub-classification.
If, at the effective date for a new classification or sub-classification, or a revocation of sub-classification, the levy for the whole year has been paid in full, the portion of the payment that is proportionate to the number of quarterly instalment periods remaining in the year is to be credited to the levy payable in respect of the remaining part of the year.
This Act’s bill:Explanatory memorandumSecond reading speech
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