Australian Capital Territory Numbered Acts

LAND (PLANNING AND ENVIRONMENT) ACT (NO. 100 OF 1991) - SECT 186

186. (1) A lease shall not be varied to reduce the rent payable to a nominal rent unless—

        (a)     the lease is included in a prescribed class of leases;

        (b)     all amounts payable to the Territory up to the day of variation of the lease for rates and land tax levied in respect of the land comprised in the lease have been paid; and

        (c)     the provisions of the lease requiring the lessee to develop the land comprised in the lease have been complied with up to the day of the variation.

(2) Where a lease of Territory Land is varied to reduce the rent payable to a nominal rent, the lease as varied shall provide that the lessee is to pay a rent of 5 cents per annum if and when that rent is demanded.

(3) The requirements of this section are in addition to, and not in substitution for, the requirements of the other provisions of this Act relating to the variation of leases.