Australian Capital Territory Numbered Acts

PLANNING AND DEVELOPMENT AMENDMENT ACT 2009 (NO. 30 OF 2009) - SECT 14

insert

    (3A)     To remove any doubt, for a lease prescribed for subsection (2) (e), an entity pays the amount prescribed by regulation for the lease if—

        (a)     the entity pays less than the amount prescribed for the lease (the monetary component ); and

        (b)     the entity provides another component (a non-monetary component ) comprising—

              (i)     infrastructure, or other work, in relation to the lease or another lease; or

              (ii)     1 or more of the following under a deed or agreement with the Territory or a Territory authority:

    (A)     goods;

    (B)     services;

    (C)     works; and

        (c)     the total value of the monetary component and the non-monetary component is not less than the amount prescribed for the lease.