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(c) the absence has not exceeded 12 tax assessment periods;

(d) the person intends to reside in the Territory at the end of the absence; and

(e) if the person has previously benefited from an exemption from land tax in respect of any parcel of land by virtue of paragraph (1)(ba) - the person has resided in the Territory continuously for the 2 years preceding the absence.’; and”.

Page 7, line 10, clause 12, proposed new subsection (3), add the following definition:

“ ‘tax assessment period’ means the maximum period during which an assessment of the amounts of land tax payable in respect of parcels of land leased for residential purposes has been made only once.”.

Page 7, lines 11 to 20, clause 13, omit the clause, substitute the following clause:

“Application for certain exemptions

13. Section 22BA of the Principal Act is amended -

(a) by omitting from subsection (1) ‘Paragraphs 22B(1)(a), (aa) and (b) do not apply’ and substituting ‘Paragraphs 22B(1)(b) and (ba) do not apply’; and

(b) by omitting from paragraph (2)(a) ‘paragraph 22B(1)(a), (aa) or (b)’ and substituting ‘paragraph 22B(1)(b) or (ba)’.

Page 9, line 3, clause 20, add the following subclauses:

“(2) Despite the amendments of the Principal Act made by this Act, a former employment related exemption in force immediately before 1 July 1995 has effect in respect of the imposition of land tax on the relevant parcel of land on or after that day as if it were a new employment related exemption.

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