Land exempt from rates
361 Land exempt from rates
This section applies if, before the commencement, land was exempt from rates under repealed section 144(1)(f).
Subject to subsection (3), the land continues to be exempt from rates under section 222 of the new Act after the commencement irrespective of whether the public benevolent institution or public charity is registered with the Australian Charities and
Not‑for‑profits Commission established under the
Australian Charities and Not-for-profits Commission Act 2012
(Cth).
Subsection (2) only applies in the financial year in which the new Act commences.
Section 222 of the new Act applies to land exempt from rates for the financial year after the financial year in which the new Act commences.
This Act’s bill:Explanatory statementSecond reading speech
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