Victorian Consolidated Legislation

Land Act 1958 - SECT 56

Rent under perpetual lease

56. Rent under perpetual lease



(1) The rent payable by the perpetual lessee for the period from the issue of
such perpetual lease until the twenty-ninth day of December One thousand nine
hundred and fifty-nine shall be such amount as the Minister has fixed or may
fix and shall for every successive period of ten years from such date be such
amount per annum as shall from time to time be fixed by the Minister:

Provided that, with respect to a perpetual lease of any swamp or reclaimed
land under Division seven of this Part, where the Minister is satisfied that
in the circumstances of any particular case a higher or lower rent should
during any successive period be charged, the Governor in Council,
notwithstanding anything in the foregoing provisions of this subsection may
from time to time by Order increase or decrease such rent for such portion of
the remainder of that successive period as is specified in the Order; and such
increased or decreased rent shall, as from the date of the Order or such later
date as is specified in the Order, be payable accordingly.

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