Western Australian Consolidated Acts Western Australian Consolidated Acts (1) In this
section —
annual rent , for a pastoral lease, includes the
rent determined under section 123 for the purposes of
section 124(1)(a);
determination means a determination by the
Valuer-General under section 123;
determined annual rent means the annual rent for a
pastoral lease that may be phased in by regulations made for the purposes of
subsection (2).
(2) The regulations
may provide for the phasing in of the annual rent for a pastoral lease that,
as the result of a determination, is greater than the annual rent for the
lease that applied immediately before the determination.
(3) Regulations made
for the purposes of subsection (2) may provide that the annual rent
payable for the pastoral lease is, instead of the determined annual rent, an
amount —
(a) that
is less than the determined annual rent; and
(b) that
is calculated as set out in the regulations.
(4) Regulations made
for the purposes of subsection (2) must have the effect that, within a
period not greater than 3 years after the determination, the annual rent
payable for the pastoral lease is an amount equal to the determined annual
rent.
(5) Regulations made
for the purposes of subsection (2) in relation to a determination as at
1 July 2009 may be expressed to have effect from that day despite
that day being earlier than —
(a) the
day on which the regulations are published in the Gazette ; or
(b) the
day on which the Land Administration Amendment Act 2009 section 5
comes into operation 1 .
[Section 124A inserted by No. 32 of 2009
s. 5.]