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CROWN LANDS (SHACK SITES) AMENDMENT BILL 2010 FACT SHEET The Bill amends the Crown Lands (Shack Sites) Act 1997 by deleting section 17 Rental for replacement lease and substituting a provision to enable shack lease rental to be prescribed in regulations. The amendment will enable the making of a Regulation to set shack rentals at 2% of the land value of a shack site as at 2007, or $1500, whichever is the lesser, with rentals to be adjusted annually in line with the Consumer Price Index. These measures will reduce rentals from the current 6% of land value. The amendment and subsequent Regulation implements the recommendation of the Joint Standing Committee on Environment, Resources and Development inquiring into the Shack Site Project, which recommended in their Interim Report of July 2009 that: "The annual lease fees for shack sites on Crown land as per section 17 of the Crown Lands (Shack Sites) Act 1997 should be set at the lesser of $1500 or 2% of the land valuation as at 2007, and thereafter adjusted in line with movements in the Consumer Price Index. This amendment will affect 55 shacks on land reserved under the Nature Conservation Act 2002 and managed by the Parks and Wildlife Service (PWS) and 14 on Crown Land Services (CLS) managed sites. A further 24 Crown land shack sites, at Kingfish Beach, are potentially affected should leaseholds be offered in the future. The Government has provided additional funds to PWS to compensate for loss of rental income.