Australian Capital Territory Consolidated Acts

LAND RENT ACT 2008 - SECT 30

    (1)     This section applies to a land rent lease if, in a year, the lessee—

        (a)     starts paying discounted land rent; or

        (b)     stops paying discounted land rent.

    (2)     The amount of land rent payable by the lessee for the lease for the year is the amount worked out as follows:

    (3)     In this section:

"D" means the number of days in the year.

"DR" means the discounted land rent payable for the land rent lease.

"DRD" means the number of days in the year that the lessee is eligible to pay discounted land rent for the lease.

"SR" means the land rent payable for the land rent lease without a discount.

"SRD" means the number of days in the year that the lessee is not eligible to pay discounted land rent for the lease.