delete Land Tax Regulations 1927 (Amendment)
Amendment to the Land Tax Regulations 1927, registered on 21 August 2014. These regulations govern the administration of federal land tax assessments, including valuation methods, exemptions, thresholds, and compliance requirements for land tax liability. The original 1927 regulations established a federal land tax which was largely phased out by the mid-1950s, though the regulatory framework remained for ongoing assessments and disputes.
The federal land tax these regulations administer was phased out over 60 years ago. Maintaining a 90-year-old regulatory framework creates unnecessary compliance costs for no contemporary purpose. Any remaining functions could be handled through simpler administrative arrangements. The regulations represent regulatory accretion without current justification, adding to the compliance burden on property owners with negligible benefit.