Australian Capital Territory Repealed Acts Australian Capital Territory Repealed ActsThis legislation has been repealed.
(1) Subject to generally accepted accounting principles, any consideration received by the authority for the grant of a lease of land is taken to be, for this Act, income of the authority.
(2) In subsection (1), the reference to the grant of a lease of land includes the grant, under authorisation of the Executive, of a lease (including a lease to the authority itself) of land that, immediately before the grant, was unleased.