Queensland Consolidated Acts Queensland Consolidated Acts(1) The rent for a lease, licence or permit is—
(a) if a regulation prescribes an amount for all leases in a category of lease (a prescribed category)—the amount prescribed; or
(b) otherwise—the amount calculated by multiplying the rental valuation prescribed under a regulation by the rate prescribed under a regulation.
(2) Subsection (1) does not apply to—
(a) a freeholding lease; or
(b) a lease, licence or permit for which there is a set rent.
(3) The rate may be a single rate applying to all leases, licences or permits, or a series of rates applying to different categories of leases, licences or permits prescribed under the regulations.
(4) The rent for a lease, licence or permit—
(a) must not be less than the minimum prescribed under a regulation, unless the lease is of a prescribed category; and
(b) must be calculated in whole dollars.