Australian Capital Territory Numbered Regulations

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LAND (PLANNING AND ENVIRONMENT) REGULATIONS (NO. 5 OF 1992) - REG 13

13. (1) The amount payable to the Executive in respect of the variation of a lease of Territory Land is—

        (a)     an amount equal to the added value; or

        (b)     if a remission of part of that amount is applicable in accordance with subregulation 14 (3)—the amount ascertained by subtracting from the first-mentioned amount the amount ascertained by applying the appropriate remission rate.

(2) For the purpose of determining the amount payable to the Executive in respect of the variation of a lease, the Minister shall determine the added value of the lease.

(3) In determining the added value of a lease, no reduction shall be allowed for where the variation of the lease is conditional upon the applicant financing or undertaking works on the land comprised in the lease or on any unleased Territory Land.

Remission of amount payable



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