New South Wales Consolidated Acts New South Wales Consolidated Acts(Sections 138 (2) and 148 (2))
For the purposes of sections 138 (2) and 148 (2), the formula is--
"A" represents the value, at the date of termination of the leasehold strata scheme, of the improvements attributable to a lot.
"B" represents the market value, at that date, of the lot, being the value of the lot at that date calculated on the basis that the lot--(a) is held for an estate in fee simple in possession, and(b) may be used, whether or not only with planning approval, for any purpose the use of the lot for which is not at that date prohibited.
"C" is obtained from the calculation of the formula--
"E" represents the site value, at that date, of the parcel the subject of that leasehold strata scheme, being the value of the land included in that parcel at that date calculated on the basis that the land--(a) is held for an estate in fee simple in possession, and(b) may be used for the purpose of a site for the building or part of the building subject to the scheme,but excluding the value at that date of all improvements within the parcel.
"U1" represents the unit entitlement of the lot.
"Un" represents the aggregate unit entitlement for that leasehold strata scheme.
"D" represents the part of factor "B", if any, attributable to the value, at that date, of improvements to the lot effected by the lessor.
