CIV1 and CIV2—rateable land and non-rateable leviable land

In force

For rateable land or non-rateable leviable land that is rezoned by a WGT event—

(a)

CIV1 is the capital improved value of the land contained in the valuation in force under Part II or IIA of the Valuation of Land Act 1960 (as the case may be) immediately before the WGT event occurs; and

(b)

CIV2 is the capital improved value of the land contained in a supplementary valuation under Part IIB of the Valuation of Land Act 1960.

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12 CIV1 and CIV2—rateable land and non-rateable leviable land