Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(1) This section applies to a lessee entitled to pay discounted land rent in a year.
(2) The lessee must tell the commissioner if—
(a) the lessee, or any of the lessees, of the lease becomes the owner of other real property; or
(b) if a certificate of occupancy is issued for the lease—all the lessees stop living on the parcel of land under the lease.
(3) The lessee must tell the commissioner about an event mentioned in subsection (2) not later than 30 days after the day the event happens.
(4) The lessee must, before 30 September in the following year, declare—
(a) if there is only 1 lessee of the lease—the income of the lessee for the year; and
(b) if there is more than 1 lessee of the lease—the total income of all the lessees for the year; and
(c) whether the lessee, or any other lessee of the lease, owns any other real property; and
(d) whether the lessee, or any of the lessees, of the lease continues to live on the parcel of land under the lease.
(5) In this section:
"certificate of occupancy"—see the Building Act 2004 , dictionary.