Page 3927 - Week 12 - Thursday, 21 October 1993
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Lease Alterations and Compliance Section, Lease Administration Branch, in my Department. That officer held the necessary delegation.
(4) The purchase price is a confidential matter between the buyer and seller.
(5) The land rent is $4300 p.a. and, in line with current practice, it is reviewed on
a three yearly basis. The next review date is 2 January 1995.
(6) The following unimproved values have been used by the ACT Revenue Office
for rating purposes:
(i) 1 January 1991 $120,000
(ii) 1 January 1992 $145,000
(iii) 1 January 1993 $175,000
(7) All rural land in the ACT is exempt from land tax in accordance with current
land taxing legislation.
(8) The following general rates charges have been assessed:
(i) 1991-92 $ 689.40
(ii) 1992-93 $ 738.78
(iii) 1993-94 $1,723.75
It should be noted that the Rates and Land Tax Act 1926 was amended in 1992 to make properties used for primary production purposes, and located within the Canberra City Area, liable for full rates. However, an undertaking was given by the Chief Minister that "genuine primary producers holding leases within the City Area will continue to pay rural rates". Accordingly, all relevant lessees have been given the opportunity to establish their status as a primary producer.
(9) The Block is not connected to town water nor to sewerage. A water main
passes the Lady Denman Drive boundary and the nearest sewerage connection
is on the adjacent Block 1163.
The "town services" of garbage collection, recycling and mail delivery are not available.
(10) The current lessees hold no other leases, commercial or otherwise, at this point
in time.
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