Australian Capital Territory Numbered Regulations
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LAND (PLANNING AND ENVIRONMENT) REGULATIONS (NO. 5 OF 1992) - REG 12
12. (1) For the purposes of paragraph 184 (b) of the Act, the prescribed amount shall be determined in accordance with regulations 13 and 14.
(2) In regulations 13 and 14, unless the contrary intention appears—
“added value”, in relation to a lease to which a variation is
proposed, means the amount by which the value of the lease immediately after
the variation would exceed the value of the lease immediately before the
variation, it being assumed— (a)
that there are no improvements to or on the land comprised in the
lease; and
(b) that the rent
payable throughout the term of the lease is a nominal rent;
“classification”, in relation to a lease, means a classification
specified in paragraph (b) of the definition of “prescribed lease”
in subregulation 14 (1). Calculation of amount payable
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