LAND (PLANNING AND ENVIRONMENT) REGULATIONS(AMENDMENT) (NO. 5 OF 1993) - REG 3 3. Regulation 14 of the Principal Regulations is amended by omitting subregulation (2) and substituting the following subregulation:

Australian Capital Territory Numbered Regulations

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LAND (PLANNING AND ENVIRONMENT) REGULATIONS(AMENDMENT) (NO. 5 OF 1993) - REG 3

3. Regulation 14 of the Principal Regulations is amended by omitting subregulation (2) and substituting the following subregulation:

“(2) The remission rate applicable in respect of a prescribed lease is—

(a) in the case of a lease held by the Commissioner for Housing that was granted to the Commissioner for a term commencing on or before 16 December 1987—50 per cent of the added value of the lease; or

(b) in any other case—the rate, expressed as a percentage of the added value of the lease, specified in Column 2 of the appropriate table in Schedule 3 opposite the range of years specified in Column 1 of that table that includes the number of years that have elapsed since the grant of the lease.”.

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