Australian Capital Territory Numbered Regulations

LAND (PLANNING AND ENVIRONMENT) REGULATIONS(AMENDMENT) (NO. 20 OF 1996) - REG 5

    (a)     by omitting from the end of paragraph (1) (a) “or”; and

    (b)     by omitting paragraph (b) and substituting the following paragraphs:

    “(b)     if the land comprised in the lease is wholly within a Local Centre and a declaration under subregulation 13A (3) has been made in relation to the variation—an amount equal to 50 per cent of the added value;

        (c)     if the lease is a prescribed lease within the meaning of regulation 14—an amount calculated by deducting from the added value an amount ascertained by applying to the added value the remission rate applicable under subregulation 14 (2); or

        (d)     in any other case—an amount equal to 75 per cent of the added value.”.

Insertion