8 Non-rateable land

(1)

The land described in Part 1 of Schedule 1 is non-rateable.

(2)

Rates assessed for the land described in Part 2 of Schedule 1 must not exceed 50% of the rates that would otherwise have been assessed if the land were not described in that schedule.

(3)

Subsections (1) and (2) are subject to section 9.

Compare: 1988 No 97 ss 4–6