Land (Planning and Environment) Regulations (Amendment) (ACT)

Land (Planning and Environment) Regulations1 (Amendment)

Subordinate Law No. 5 of 19932

The Australian Capital Territory Executive makes the following Regulations under the Land (Planning and Environment) Act 1991.

Dated 16 February 1993.

BILL WOOD

Minister

TERRY CONNOLLY

Minister

Principal Regulations

1.  In these Regulations, “Principal Regulations” means the Land (Planning and Environment) Regulations.

Commencement

2.  These Regulations commence on the day on which they are notified in the Gazette.

Remission of amount payable

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.”.

NOTES

1. Regulations 1992 No. 5 as amended by No. 19, 1992; No. 3, 1993.

2. Notified in the ACT Gazette on 22 February 1993.

©  Australian Capital Territory 1993