Categories for Sub-division

New type of Title, what is a Leasehold scheme, Title, and Reversionary interest

27/5/2020
Written by

The introduction of the new Strata Title Act Amendment has led to the creation of Leasehold Schemes and Titles in WA. A leasehold scheme includes a subdivided underlying title with a reversionary interest and leasehold strata titles. A Leasehold Title is a portion of the subdivided land that acts the same as a freehold parcel for the duration of the leasehold scheme (20-99 years). Reversionary interest relates to the right of the owner of the underlying title. It allows them...

Biosecurity and Agricultural Management (BAM) Act and Settlement

6/4/2020
Written by

Biosecurity and Agriculture Management Act 2007 Western Australia’s defences against potentially devastating pests and diseases were strengthened with the Biosecurity and Agriculture Management Act 2007 (BAM Act) coming into effect on 1 May 2013. What the BAM Act does. The BAM Act and associated regulations were enacted on 1 May 2013. The new BAM Act takes the place of 16 older Acts and 27 sets of regulations with one Act and nine sets of regulations and enhances protection of the...

Subdivided lot concession-Land Tax Assessment Act 2002

26/9/2017
Written by

Section 43A of the Land Tax Assessment Act 2002provides a concession for the amount of land tax payable on subdivided lots owned at 30 June each year.This concession allows subdividers to pay land tax and metropolitan region improvement tax on the lower undeveloped or englobo value of land holdings, rather than the full subdivided value of lots, for one year after the creation of the lots. The unimproved value of each subdivided lot still held at 30 June immediately preceding the...

Land Tax Concession on Land Tax Payable for Subdivided Lots

8/10/2016
Written by

FOR LAND CREATED DURING 2015-16 AND STILL OWNED AT 30 JUNE 2016Land Tax Assessment Act 2002 section 43A As at 1 July 2016 Section 43A of the Land Tax Assessment Act 2002 provides a concession for the amount of land tax payable on subdivided lots owned at 30 June each year.This concession allows subdividers to pay land tax and metropolitan region improvement tax on the lower undeveloped or englobo value of land holdings, rather than the full subdivided value of lots, for one year...