Land Tax Exemption for Settlement Land (ILUA)
Land Tax Assessment Amendment (Native Title Settlement Exemptions) Bill 2025
1st House
2nd House
Law
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
Settlement land is exempt from land tax for an assessment year.
The land must be part of a settlement Indigenous Land Use Agreement (ILUA) at midnight on 30 June of the previous financial year.
The land must be owned by a settlement landholder.
Regulations define which ILUAs qualify for the exemption; the State must be a party to the agreement.
The agreement must require the State to provide compensation for the loss or surrender of native title rights.
Regulations define who qualifies as a settlement landholder.
The Minister must be satisfied that a person has a sufficient connection to the ILUA before recommending they be listed as a landholder.