Northern Territory Consolidated Acts

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PASTORAL LAND ACT - SECT 56

Payment of rent

56. Payment of rent

(1) The Minister shall, as soon as practicable after declaring the rate of rent under section 55 (or, if a rate is not declared for a financial year, as soon as practicable after the previous 30 June) send by post to each pastoral lessee a notice showing:

(a) the amount of rent due in respect of the financial year;

(b) the amount payable in respect of each quarter of the financial year; and

(c) such other information as is prescribed.

(2) Subject to section 58, a pastoral lessee shall pay the rent due and payable in respect of the relevant quarter for his or her pastoral lease:

(a) in respect of the first quarter of the financial year - within 40 days after the date of the notice under subsection (1); and

(b) in respect of each subsequent quarter - within 28 days after the commencement of the quarter.



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