Australian Capital Territory Numbered Regulations

PLANNING (GENERAL) REGULATION 2023 (NO 20 OF 2023) - REG 92

    (1)     This section applies if—

        (a)     a person (the transferor ) acquired an interest in land described in an affected lease before 19 February 2014; and

        (b)     after 18 February 2014, a lessee acquires from the transferor an interest in the land other than by entering into a contract for sale; 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 payable to the lessee for the surrender under the LAIE buyback program valuation procedure;

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

, section 358.