Minimum general rates on timeshare property
78 Minimum general rates on timeshare property
This section applies to a local government for fixing a minimum amount of general rates on—
land where there is a structure wholly or partially subject to a timeshare scheme; or
a lot included in a community titles scheme under the Body Corporate and Community Management Act 1997 where there is a structure wholly or partially subject to a timeshare scheme; or
a lot within the meaning of a community titles Act other than the Body Corporate and Community Management Act 1997 where there is a structure wholly or partially subject to a timeshare scheme.
The local government may decide the minimum amount of general rates is to be worked out using the formula—
where—
MA is the minimum amount.
L is the minimum amount of general rates that would, other than for this section, be payable for the land or lot.
RU is the number of units of the structure that are subject to the timeshare scheme and are available at any time for separate exclusive occupation.
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