AAP General News (Australia)
02-26-2008
QLD: Govt defends land valuation changes
The Queensland government says it'll be adopting a business as usual approach to land
valuation .. despite introducing changes to laws today.
The changes follow a Land Appeal Court finding in the case of the Chermside shopping
centre in Brisbane's north.
The court confirmed the historic approach to valuing land .. based on unimproved capital
value .. and found a method developed by the government had no merit.
The government argued the owner's improvements to the business should also be included
in the land value .. taking …
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