New South Wales Consolidated Regulations

WESTERN LANDS REGULATION 2004 - REG 18

18 Annual rent for urban leases: section 27B

(1) For the purposes of section 27B of the Act, the following classes of urban leases are prescribed:

(a) Urban (Business), being leases expressed to be granted or issued for business purposes,

(b) Urban (General), being all other urban leases.

(2) For the purposes of the symbol "p" in the formula set out in section 27B (1) of the Act, the following percentages are prescribed:

(a) for leases of the Urban (Business) class-6%,

(b) for leases of the Urban (General) class-3%.