Victorian Numbered Acts

STATE TAXATION ACTS FURTHER AMENDMENT ACT 2016 (NO. 66 OF 2016) - SECT 14

After section 201SOB of the Planning and Environment Act 1987 insert —

    " 201SOC     Apportionment of GAIC on issue of statement of compliance

    (1)     This section applies if—

        (a)     a growth areas infrastructure contribution is imposed in respect of a dutiable transaction relating to land in the contribution area (a parent lot ); and

        (b)     the whole or a part of the contribution is deferred under section 201SM; and

        (c)     a statement of compliance relating to a plan of subdivision of the parent lot is issued.

    (2)     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).

    (3)     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 bears to the area of the parent lot.".