Australian Capital Territory Numbered Regulations Australian Capital Territory Numbered Regulations(a) by omitting subregulation (1) and substituting the following subregulation:
“(1) The amount payable to the Executive in respect of the variation of a lease of Territory Land (other than a boundary variation) is—
(a) if the land comprised in the lease is prescribed land—the amount calculated in accordance with the formula—
where—
comprised in the lease after the variation is executed; a composite lease, the number of amalgamated leases; or(b) in any other case—
(i) an amount equal to the added value; or
(ii) if a remission of part of that amount is applicable in accordance with subregulation 14 (2)—the amount ascertained by subtracting from the first-mentioned amount the amount ascertained by applying the appropriate remission rate.”; and
(b) by adding at the end the following subregulation:
“(4) In this regulation—
‘boundary variation' means a variation of a lease of Territory Land which would alter a common boundary between 2 adjoining leases with the agreement of the lessee of each lease;
‘dwelling' means a room or suite of rooms occupied or used or so constructed or adapted as to be capable of being occupied or used as a separate domicile;
‘prescribed land' means a parcel of land—
(a) which lies wholly within area B2 of the Territory Plan, being the area known as the Kingston/Griffith Redevelopment Area; and
(b) which is comprised in a lease which was granted for residential purposes the variation of which would enable the land to be used for higher density residential purposes.”.