New South Wales Consolidated Acts

WESTERN LANDS ACT 1901 - SECT 27E

27E Concessional rent

(1) The Minister:

(a) may waive, reduce or remit the whole or any part of the annual rent that would otherwise be payable by a lessee under this Part, and

(b) may postpone payment, for up to 10 years, of the whole or any part of the annual rent payable by a lessee under this Part,

in respect of such classes of lessees or classes of lands as are prescribed by the regulations.

(2) The total amount of rent waived or remitted by the Minister in each rental year (but not rent reduced or postponed in relation to debt management) are to be published:

(a) in the Department’s annual report under the Annual Reports (Departments) Act 1985 for the financial year concerned, and

(b) in the Treasurer’s budget papers for the following financial year.