Page 2549 - Week 06 - Thursday, 23 June 2011

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subdivided lease means a lease granted during a subdivision involving the surrender of 1 or more nominal rent leases.

6

Clause 10

Proposed new section 276A (1)

Page 6, line 8—

omit

section 278

substitute

section 278A to section 278F

7

Clause 10

Proposed new section 276B (1) (a)

Page 6, line 25—

omit proposed new section 276B (1) (a), substitute

(a) for a s 276D chargeable variation—the determined charge for the variation; or

8

Clause 10

Proposed new section 276B (2) (a)

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omit

prescribed

substitute

s 276D

9

Clause 10

Proposed new section 276D

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omit proposed new section 276D, substitute

276D  Lease variation charges—s 276D chargeable variations

(1) The Treasurer may determine a lease variation charge for a s 276D chargeable variation.

Note 1  The Legislation Act contains provisions about the making of determinations and regulations relating to fees (see pt 6.3).

Note 2  Power to make a statutory instrument (including a determination) includes the power to make different provision for different categories (see Legislation Act, s 48).

(2) In considering whether to determine a lease variation charge for a s 276D chargeable variation, the Treasurer must, before the start of each financial year—

(a) obtain and have regard to advice from an accredited valuer; and

(b) comply with any other requirement prescribed by regulation.

(3) A determination must—

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