Land tax is payable every financial year and is usually a considerable expense for developers and those with substantial land holdings.

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The State government last week announced a three pronged initiative to provide relief to businesses and taxpayers to prop up employment in light of the global economic downturn.

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The Attorney-General and Minster for Justice has asked for submissions and comment from any interested parties in relation to a paper circulated in December 2008 which addresses concerns relating to the current system of setting and adjusting lot entitlements.

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The Land Appeals Court has decided that a lessee may have enough of an interest in the common areas related to its lease, to support a claim for compensation from a resuming authority if parts of those common areas are resumed; this should be kept in mind by parties entering into a lease.

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