(1) Where an
application for a retention licence is made by the holder of a primary
tenement under section 70C of the Act and the licence is granted, the
applicant is entitled to a pro rata refund of the balance of any portion of
the unused rent which has been paid on the primary tenement by the applicant.
(2) Where an
application described in subregulation (1) is refused and the term of the
primary tenement has been extended —
(a)
beyond its normal expiry date under section 70C(6) of the Act; and
(b) for
a period of 30 days following that refusal under section 70C(6)(b)
of the Act,
the applicant is
entitled to a pro rata refund of the balance of any portion of the unused rent
which has been paid on the primary tenement by the applicant.
(3) When calculating a
pro rata refund for the purposes of this regulation, only whole months of the
term that is remaining shall be the subject of the refund.
[Regulation 70D inserted: Gazette
24 Jun 1994 p. 2932.]