Victorian Consolidated Legislation

Land (Goonawarra Golf Course) Act 1988 - SCHEDULE 2

Clause 2 RENTAL The annual rental shall be calculated by application of the
following formula: 30 × NM × GF Where "NM" is the number of members of the
club as at 1st January preceding the annual rental period for which the rent
is calculated and "GF" is the weekend green fee (18 holes) approved by the
Minister and charged by the Shire as at the same date. For the purposes of
this lease, the annual rental period is the period of 12 months commencing on
the date of commencement of the lease, and each successive period of 12 months
during the term of the lease. The rental shall be payable by four equal
consecutive quarterly instalments. For the purposes of this lease, a quarter
is a period of 3 months ending on 31st March, 30th June, 30th September or
31st December. The rent is payable at the end of the quarter in which the
lease commences and at the end of each successive quarter during the term. If
the term begins or ends otherwise than at the beginning of a quarter a
proportion of the total rent for that quarter is payable. The proportion is to
be calculated by reference to the fraction of the total quarter for which the
term runs. For the purposes of establishing the number of members of the Club
as at 1st January each year the Club shall, prior to the end of the first
month of the term of the lease and prior to 1st January in each successive
year of the term, present for the inspection of the Shire all books, lists,
records and other documents reasonably required by the Shire to enable it to
determine club membership numbers. If the Shire and the Club fail to reach
agreement on the number of club members by the end of the second month of the
term of the lease and by 31st March in each successive year for the purposes
of calculating the annual rental the number of members shall be that specified
by the Minister (in a notice to the parties hereto) after the Minister has
made such enquiries as are in his/her absolute discretion reasonable.
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