Land Valuation Act 2010

The valuer-general may declare that a separate valuation, from the rest of a lot, will be made for a stated part of the lot (a separation declaration).

Note—

See also chapter 5 (Internal and external reviews).

However, a separation declaration may be made only if—

it is possible to lawfully subdivide the stated part from the rest of the lot; and

the valuer-general considers circumstances relating to the value of the part make a separate valuation of it appropriate.Example of circumstances for subsection (2)(b)—

1 A building on the part is occupied separately, or adapted to being occupied separately, from the rest of the lot.

2 The part is used, or is suitable to be used, for a purpose different from the purpose for which the rest of the lot is used, or is suitable to be used.

Note—

The effect of the declaration is that the part becomes a parcel itself—see the schedule, definition parcel, paragraph (b).

This section applies to leased land if the lease is—

from any of the following of land leased, by the following, from the State—

a local government;

a department;

an entity representing the State; or

from a GOC or rail government entity, of land leased by the GOC or rail government entity from—

the State; or

a lessee of the State.

Otherwise, this section does not apply to land leased from the State.

The part that is the subject of the declaration is a declared parcel.

To remove any doubt, it is declared that subsection (2)(a) does not require that a subdivision has been sought or made for the stated part.