Victorian Consolidated Legislation

Land Act 1958 - SECT 120

Rent under perpetual lease of swamp etc.

120. Rent under perpetual lease of swamp etc.

The rent payable by the perpetual lessee of any swamp or reclaimed land for
the period ending the twenty-ninth day of December One thousand nine hundred
and fifty-nine shall be Four per centum per annum on the value of such land as
assessed whether before or after the passing of this Act but-

   (a)  before the commencement of section 19 of the Crown Lands Acts
        (Amendment) Act 1994, by a Land Classification Board; or

   (b)  after the commencement of section 19 of the Crown Lands Acts
        (Amendment) Act 1994, by the Minister-

and the value shall be re-assessed at the said date and every ten years
thereafter and the rent shall be calculated according to such re-assessment.
When any land is being re-assessed no improvements thereon which do not belong
to the Crown shall be included in or added to the value thereof.

Division 8-Agricultural leases, licences and permits



Subdivision 1-Leases for agricultural purposes