Land Tax Bill Second Read

From the Law Institute of Victoria

The Land Tax Bill was second read yesterday.

The government indicated that the aims of the Bill were to: improve clarity, overcome structural weaknesses, remove obsolete provisions, overcome inconsistencies in wording and bring the Land Tax Act within the coverage of the Taxation Administration Act.

The LIV reviewed the Bill and considered that these aims were not all achieved. The LIV’s submission can be viewed at the LIV website.