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LAND REGULATION 2020 - REG 21
Rental period—Act, sch 6, definition rental period
(1) For schedule 6 of the Act , definition
"rental period" , this section prescribes the rental period for a tenure.
(2)
Subject to subsections (3) to (5) , the rental period for a tenure is 1 year
starting on 1 July.
(3) If a tenure starts on a day other than 1 July, the
first rental period for the tenure is the period starting on the day the
tenure starts and ending on the next 30 June.
(4) If a tenure ends on a day
other than 30 June, the last rental period for the tenure is the period
starting on the last 1 July before the tenure ends and ending on the day the
tenure ends.
(5) Subsections (2) to (4) do not prevent the rental period for
a tenure, for which the annual rent is more than $2,000, from being divided
into quarterly sub-periods starting on 1 July.
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