The minimum set rent prescribed for a particular lease under section 183A of the Land Act 1994

The set rent, for the rental period ending 30 June 2011 for each lease with a title reference stated in schedule 6A, is the lesser of the following: the amount, in whole dollars, worked out by multiplying the averaged value of the lease land for the rental period by 6%; or the amount, in whole dollars, that is 10% more than the rent payable for the lease for the rental period ending 30 June 2010.

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