Darwin Waterfront Corporation Act 2006

(1) The Corporation may impose rates on land in the Precinct for the funding of municipal services.

(2) However, before the end of 2020, the Corporation may only impose the rates specified in subsection (3) and may only do so as provided in subsections (4), (5), (6) and (7).

(a) rates on all land other than common property; and

(4) The rates mentioned in subsection (3)(a) must be of the same rate and based on the same method of calculation for rates imposed on land in the central business district of the municipality of Darwin.

(5) Land that would have been exempt from rates under the Local Government Act 2019 is exempt from the rates mentioned in subsection (3).

(6) However, the rates mentioned in subsection (3)(b) may be imposed on the common property of a plan or scheme.

(7) The rates mentioned in subsection (3)(b) must be imposed on the following basis:

(a) for the common property of a plan or scheme – the rates mentioned in subsection (3)(b) that are imposed on the common property for a financial year must not exceed 20% of the sum of the rates mentioned in subsection (3)(a) that are imposed on all the units of the plan or scheme for that year;

(b) for any other land – the rates mentioned in subsection (3)(b) that are imposed on the land for a financial year must not exceed 20% of the rates mentioned in subsection (3)(a) that are imposed on the land for that year.

Note for section 15

Part 3 contains further provisions relating to rates.