[Lee Howard]

Just wondering how you treat re-ascertainments do you treat them the same as objections, & claim the lost income back? I seem to remember it was going to be changed but aren’t sure whether this actually happened.

I have 6 properties in the same street one had an objection & 5 then had re ascertainments the lost income is $20,000 I had planned to include them with my objections but am having second thoughts, would be interested to know what you think.

[Andrew Butcher]

Hi Lee

This was a change to Section 511A that occurred through the FESL, as follows;

Section 511A Local Government Act has changed from, “on objection under part 3…..” to “whether because of an objection under the Valuation of Land Act 1916, an appeal under that Act or for any other reason”. The changes were made to the LGAct even though the FESL did not proceed.

Therefore if income is lost as a result of a change in valuation, for any reason, the lost income can be recovered in the same way previously only recoverable on objection.

Hope this answers your question.

Regards,

Andrew

[Cherie Muir]

Hi Andrew

Oowh I love S.511A … I’d missed that our Act was amended in this way.
Was this the only amendment at that time Andrew?

Regards
Cherie

[Andrew Butcher]

Hi Cherie

This was the only relevant change all others were in regards to inserting references to the FESL Act.

In regards to this matter lost revenue is applicable to all or any valuation changes and includes Section 14 allowances as these are deemed to be a change in valuation.

Regards,

Andrew

[Cherie Muir]

Thanks Andrew

[Carla Mete]

Thanks Lee & Andrew! we also have had a number of these properties come through in a recent supp list so we have found this very helpful.

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