The present Act lays down provisions relating to the levying of tax on the small number of land owners in the province granted mineral rights under land before 1950. These are known as freehold mineral rights. The tax is assessed annually per hectare, depending on the amount of land to which the owner has freehold mineral rights and whether minerals are being produced from the land. The text consists of 22 sections.

The present Act lays down provisions relating to possibilities on behalf of land owners to enter an agreement with the competent land authorities of British Columbia to obtain postponement of the payment of land tax. Section 2 establishes that the Minister may make an agreement with an owner who qualifies under this Act permitting the owner to defer paying all or part of the tax payable on the eligible property during the term of the agreement.

The present Regulation is made under the Land Title Act. In particular, the Regulation lays down provisions relating to the subdivision of land. Section 1 establishes that the approving officer may refuse to approve the subdivision plan, if he considers that it does not provide access to the land in the subdivision, or lands dependent upon the subdivided property, or land dependent upon the subdivided property for its sole access by means of an adequate road allowance for a frontage road, service road or local street. The text consists of 2 sections.