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The government is seeking to amend the Lands Act to introduce levies on all land freehold title deeds in urban areas.
The proposed levy of the freehold land is contained in Lands Amendment Act 2023 section 54 which reads, "The owner of any freehold land situated within the boundaries of any urban area or city shall pay rent charged on a comparable leasehold land or property of the same size in the same zone."
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