Pastoral Leases (Rental) Act

NORTHERN TERRITORY OF AUSTRALIA PASTORAL LEASES (RENTAL) ACT As in force at 26 June 1992 TABLE OF PROVISIONS Section 1. Short title 2. Commencement 3. Definitions 4. Additional rent 5. Liability of former lessees 6. Penalty Notes Table of Amendments NORTHERN TERRITORY OF AUSTRALIA PASTORAL LEASES (RENTAL) ACT NOTE - THIS REPRINT SHOWS THE ACT AS IN FORCE AT 26 JUNE 1992. ANY AMENDMENTS THAT MAY COME INTO OPERATION AFTER THAT DATE ARE NOT INCLUDED. An Act to increase the rental payable on pastoral leases and certain other leases in respect of the financial year 1991-1992, and for related purposes 1. SHORT TITLE This Act may be cited as the Pastoral Leases (Rental) Act. (See back note 1) 2. COMMENCEMENT This Act shall be deemed to have come into operation on 1 July 1991. (See back note 1) 3. DEFINITIONS In this Act "additional rent", in relation to a pastoral lease, means the difference between the amount of rent a lessee is liable to pay otherwise than under this Act in respect of the financial year and the amount the lessee is liable to pay as the result of the application of the rental increase factor; "financial year" means the financial year commencing 1 July 1991, or a part of that financial year; "lessee", in relation to a pastoral lease, includes a former lessee; "rental increase factor" means the factor referred to in section 4; "pastoral lease" means a pastoral lease within the meaning of the Pastoral Land Act. 4. ADDITIONAL RENT (1) Notwithstanding any other law in force in the Territory, the terms and conditions of the pastoral lease or the fact that rental in respect of a pastoral lease may have been paid in pursuance of such terms and conditions in respect of the financial year before the Administrator's assent to this Act was declared, the rent payable Pastoral Leases (Rental) 2 in respect of a pastoral lease for the financial year is the rent that is or was otherwise payable in respect of that lease multiplied by a rental increase factor of 2.8, and the additional rent resulting from the application of the rental increase factor shall be paid before 31 December 1991. (2) Where the rent payable for a pastoral lease otherwise than under this Act is or was payable in respect of part only of the financial year or part of the financial year and some other period not included in the financial year, the rent shall be apportioned for the purpose of calculating the additional rent to be paid in respect of the financial year. 5. LIABILITY OF FORMER LESSEES Where before the date on which the Administrator's assent to this Act was declared a person had ceased to be the lessee of a pastoral lease, that person shall nevertheless be liable to pay the additional rent resulting from the application of the rental increase factor apportioned to the part of the financial year during which the person was the lessee. 6. PENALTY A person liable to pay additional rent under this Act who fails to do so by 31 December 1991 is guilty of an offence. Penalty: $10,000. Notes 1. The Pastoral Leases (Rental) Act comprises the Pastoral Leases (Rental) Act 1991, as amended by the other Acts specified in the following table: Act Number and Date of Date of year assent by commencement Administrator Pastoral Leases No. 50, 1991 26 Sept 1991 26 Sept 1991 (Rental) Act 1991 but see s.2 Pastoral Land No. 39, 1992 25 June 1992 26 June 1992 (Consequential Amendments) Act 1992 Pastoral Leases (Rental) 3 Table of Amendments Section 3. Amended by No. 39, 1992, s. 3