Valuation of Land and Other Legislation Amendment Bill 2010

Introduction

The Valuation of Land and Other Legislation Amendment Bill 2010 proposes substantive amendments to the Valuation of Land Act 1944. Here we address the significance of the amendments for all property owners.

Parts of the Bill are retrospective

The Bill proposes that the amendments relating to the assessment of unimproved value are retrospective from 30 June 2002.

These provisions cover existing objections that have not been decided and existing appeals that have not been decided.

The property industry has not been consulted at all on the Bill - the explanatory notes to the Bill suggest that the only non-government body consulted was the Local Government Association of Queensland.