Australian Capital Territory Numbered Acts

LAND RENT AMENDMENT ACT 2013 (NO. 38 OF 2013) - SECT 22

substitute

    (1)     This section applies—

        (a)     to a land rent lease first granted under a contract entered into before 1 October 2013; and

        (b)     if a lessee under the lease, who was previously eligible to pay discounted land rent for a year, becomes ineligible for the discount because—

              (i)     the lessee, or any of the lessees, becomes the owner of other real property; or

              (ii)     if a certificate of occupancy is issued for the lease—all the lessees stop living on the parcel of land under the lease.