Income Tax Assessment Regulations 1997 (Repealed)
PART 2
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LIABILITY RULES OF GENERAL APPLICATION
Division 31
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Conservation covenants
REGULATION 31-15.09
VALUATION CERTIFICATES
31-15.09(1)
If the Commissioner completes a valuation, the Commissioner must give a valuation certificate to the applicant for the valuation.
31-15.09(2)
The Commissioner must approve, in writing, 1 or more forms of a certificate.
31-15.09(3)
The certificate must include the following information:
(a) the date on which the valuation was completed;
(b) a description of the land (including a lot and plan number, title reference and the location of the land);
(c) a statement of the market value of the land immediately before the conservation covenant was entered into;
(d) a statement of the market value of the land immediately after the conservation covenant was entered into;
(e) a statement of the difference between the market value mentioned in paragraph (c) and the market value mentioned in paragraph (d);
(f) a statement of the extent to which the difference mentioned in paragraph (e) is attributable to the conservation covenant being entered into.
31-15.09(4)
The certificate may include other information.
31-15.09(5)
The Commissioner must not give a valuation certificate to the applicant until:
(a) the valuation has been completed; and
(b) the Commissioner has received the full amount of the fees payable for the valuation.
View history note
Hide history noteIf the Commissioner completes a valuation, the Commissioner must give a valuation certificate to the applicant for the valuation.
31-15.09(2)
The Commissioner must approve, in writing, 1 or more forms of a certificate.
31-15.09(3)
The certificate must include the following information:
(a) the date on which the valuation was completed;
(b) a description of the land (including a lot and plan number, title reference and the location of the land);
(c) a statement of the market value of the land immediately before the conservation covenant was entered into;
(d) a statement of the market value of the land immediately after the conservation covenant was entered into;
(e) a statement of the difference between the market value mentioned in paragraph (c) and the market value mentioned in paragraph (d);
(f) a statement of the extent to which the difference mentioned in paragraph (e) is attributable to the conservation covenant being entered into.
31-15.09(4)
The certificate may include other information.
31-15.09(5)
The Commissioner must not give a valuation certificate to the applicant until:
(a) the valuation has been completed; and
(b) the Commissioner has received the full amount of the fees payable for the valuation.
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