Pastoral Leases (Rental) Act (NT)
NORTHERN TERRITORY OF AUSTRALIA
PASTORAL LEASES (RENTAL) ACT
As in force at 26 June 1992
NORTHERN TERRITORY OF AUSTRALIA
As in force at 26 June 1992
PASTORAL LEASES (RENTAL) act
An Act to increase the rental payable on pastoral leases and certain other leases in respect of the financial year 1991-1992, and for related purposes
This Act may be cited as the
This Act shall be deemed to have come into operation on 1 July 1991.
In this Act:
(1) Notwithstanding any other law in force in the Territory, the terms and conditions of the pastoral lease or the fact that rental in respect of a pastoral lease may have been paid in pursuance of such terms and conditions in respect of the financial year before the Administrator’s assent to this Act was declared, the rent payable in respect of a pastoral lease for the financial year is the rent that is or was otherwise payable in respect of that lease multiplied by a rental increase factor of 2.8, and the additional rent resulting from the application of the rental increase factor shall be paid before 31 December 1991.
(2) Where the rent payable for a pastoral lease other-wise than under this Act is or was payable in respect of part only of the financial year or part of the financial year and some other period not included in the financial year, the rent shall be apportioned for the purpose of calculating the additional rent to be paid in respect of the financial year.
Where before the date on which the Administrator’s assent to this Act was declared a person had ceased to be the lessee of a pastoral lease, that person shall nevertheless be liable to pay the additional rent resulting from the application of the rental increase factor apportioned to the part of the financial year during which the person was the lessee.
A person liable to pay additional rent under this Act who fails to do so by 31 December 1991 is guilty of an offence.
Penalty: $10 000.
1 KEY
Key to abbreviations
2 LIST OF LEGISLATION
Assent date | 26 September 1991 |
Commenced | 26 September 1991 (s 2) |
Assent date | 25 June 1992 |
Commenced | 26 June 1992 |
3 LIST OF AMENDMENTS
s 3 amd No. 39, 1992, s 3
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