Australian Capital Territory Numbered Acts

PLANNING AND DEVELOPMENT AMENDMENT ACT 2009 (NO. 30 OF 2009) - SECT 18

substitute

280     Determination of amount payable for further leases—rural land

    (1)     The Minister may make a determination for section 254 (1) (e) (i) or (ii) (Grant of further leases).

    (2)     A determination for section 254 (1) (e) (ii) may provide that the amount payable for the grant of the lease is payable in stated instalments.

    (3)     If the Minister has not made a determination under subsection (1), the amount that is taken to have been determined for a rural lease is the market value of the lease, payable as a lump sum.

    (4)     A determination is a disallowable instrument.

Note     A disallowable instrument must be notified, and presented to the Legislative Assembly, under the Legislation Act.