Hi Susan,
Briefly, the advice we have is along the lines of the effects section 14B (1) and (2) of the VL Act means that even where parcel of land comes into existence after 1 July in any particular year, the valuation of that parcel is made at the 1 July of that year. Additionally, s27B (6) means the valuations of the new lots are inserted in the Council’s current valuation list as at 1 July of the rate year current at the time of the registration of the plan of subdivision.
This satisfies the requirements of s62. I have sent you some additional information also.
Hope this helps.
Mick
