Apportionment of GAIC on issue of statement of compliance
201SOC Apportionment of GAIC on issue of statement of compliance
This section applies if—
a growth areas infrastructure contribution is imposed in respect of a dutiable transaction relating to land in the contribution area (a parent lot); and
the whole or a part of the contribution is deferred under section 201SM; and
a statement of compliance relating to a plan of subdivision of the parent lot is issued.
On the issue of the statement of compliance, the growth areas infrastructure contribution must be apportioned between each lot, parcel or other area of land referred to in the plan of subdivision (a child lot) so that the apportionment meets the requirement under subsection (3).
S. 201SOC(3) amended by No. 18/2023 s. 103.
For the purposes of subsection (2), the requirement is that the proportion of the growth areas infrastructure contribution that is apportioned to a child lot is the same as the proportion that the area of the child lot in the contribution area bears to the area of the parent lot in the contribution area.
S. 201SP inserted by No. 23/2010 s. 9.
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