Australian Capital Territory Numbered Regulations

PLANNING (GENERAL) REGULATION 2023 (NO 20 OF 2023) - REG 90

    (1)     This section applies if—

        (a)     a lessee entered into a contract for sale of land described
in an affected lease after 18 February 2014 but before 28 October 2014; and

        (b)     the contract for sale is completed after 28 October 2014; and

        (c)     the lessee surrenders the affected lease under the LAIE buyback program.

    (2)     The prescribed amount is the greater of the following amounts:

        (a)     the amount of the purchase price set out in the contract for sale;

        (b)     the amount payable to the lessee under the Act

, section 358.