(1) For the purposes of section 40C (2), the growth index is the change in the AUV of relevant commercial land over a calendar year worked out as follows:
"first commercial land AUV", for a particular calendaryear, means the total
AUV of all relevant commercial land on 1 January inthe year ending
immediately before the particular year.
"relevant commercial land", for a particular calendar year, means all land in the Territory, other than airport land, that was commercial land—
(a) on 1 January in the particular year; and
(b) for the whole of the year immediately before the particular year.
"second commercial land AUV", for a particular calendar year, means the total AUV of all relevant commercial land on 1 January in the particular year.
Note Commercial land —see the dictionary.
(2) For the purposes of working out the growth index over a calendar year, the commissioner must give Canberra Airport information about the AUV of all relevant commercial land on 1 January in the calendar year, by 30 April in that year.