Australian Capital Territory Numbered Regulations

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LAND (PLANNING AND ENVIRONMENT) REGULATIONS (AMENDMENT) (NO. 32 OF 1998) - REG 12

Insertion

    After regulation 15F of the Principal Regulations the following regulations are inserted in Division 3 of Part III:

“15G.     Consolidation involving service station lease increase—s. 187C (3)

“(1)     This regulation applies in relation to a consolidation where—

        (a)     at least 1 of the leases to be surrendered is a service station lease; and

        (b)     the consolidated lease is not or, where 2 or more consolidated leases are granted, neither or none of the consolidated leases is, a service station lease.

“(2)     For the purposes of subsection 187C (3) of the Act, the Minister shall increase the change of use charge for a consolidation in relation to which this regulation applies by an amount equal to 25% of that portion of the added value in relation to the consolidation that is attributable to the surrendered service station lease or leases.

“15H.     Subdivision involving service station lease increase—s. 187C (3)

“(1)     This regulation applies in relation to a subdivision where—

        (a)     the lease to be surrendered or, if more than 1 lease is to be surrendered, at least 1 of the leases to be surrendered, is a service station lease; and

        (b)     at least 1 of the subdivided leases is not a service station lease.

“(2)     For the purposes of subsection 187C (3) of the Act, the Minister shall increase the change of use charge for a subdivision to which this regulation applies by—

        (a)     if no subdivided lease is a service station lease—an amount equal to 25% of the added value of the subdivision that is attributable to the surrendered service station lease or leases; or

        (b)     if at least 1 of the subdivided leases is a service station lease—an amount equal to 25% of the added value of the subdivision that is attributable to that portion of the surrendered service station lease or leases that is represented by a subdivided lease that is not a service station lease.”.

   



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