Rebus Sic Stantibus & CAR Q1

Q.
a) Explain the principle of "Rebus Sic Stantibus" in carrying out valuation for the purpose of rating for a local authority. (15 marks)

b) "Are Federal Government buildings subject to the payment of rates under the Local Government Act 1976?" Explain. (10 marks)

(25 marks, 2019 Q1)

A.

Ref:

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