📘 Valuation of Land Amendment Act 2015
014 of 2015Assented 15 May 2015
This Act amends the Valuation of Land Act 1978, specifically modifying how unimproved land value is calculated for land held under mining and petroleum leases, licences, permits and drilling reservations. It updates the formulas used to determine the unimproved value based on annual rents and fees.
Impact
Mining and petroleum companies holding licenses, leases, permits, and drilling reservations in Western Australia will be affected. The changes impact the calculation of unimproved land value, potentially affecting rates and taxes payable on these holdings.
Sectors
miningresources
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