Australian Capital Territory Numbered Regulations

PLANNING AND DEVELOPMENT REGULATION 2008 (NO 2 OF 2008) - REG 192

    (1)     The discharge amount for a special Pialligo lease that commenced less than 1 year before the discharge amount is paid is the amount worked out as follows:

    (2)     The discharge amount for a special Pialligo lease that commenced at least 1 year before the discharge amount is paid is the amount worked out as follows:

    (3)     In this section:

"amount paid" means—

        (a)     for a nominal rent lease—the consideration for the lease when it was granted less the excluded amount; or

        (b)     for any other lease—the consideration for the lease when it was granted plus any amount to be paid under the lease less the excluded amount.

"cpi adjusted amount" means the amount worked out as follows:

"later index number", in relation to a lease, means the last index number published before the discharge amount for the lease is paid.

"owed amount", in relation to a lease, means any amount remaining to be paid under the lease, even if the amount is not yet owing.

"whole years", in relation to a lease, means the number of whole years since the lease commenced.

Part 5.7     Transfer or assignment of leases subject to building and development provision