45Calculation of base rent

#### 45 Calculation of base rent 45 Calculation of base rent > The base rent referred to in clause 44 (1) is to be calculated for a rural Western lands holding as follows— > > %20AND%20(No%3D0088)%20AND%20(Year%3D2018)%20AND%20(%22Historical%20Document%22%3D0))/g2.gif) > > > where— > > S represents the scaling factor for the financial year to which the rent relates. > > A1 represents 1,000 hectares or (for a rural Western lands holding of less than 1,000 hectares) the number of hectares in the holding, and k1 represents an amount of money per hectare specified by clause 50 for the first 1,000 hectares of a rural Western lands holding. > > A2 represents 4,000 hectares or (for a rural Western lands holding of less than 5,000 hectares) the number of hectares in the holding in excess of 1,000, and k2 represents an amount of money per hectare specified by clause 50 for the second to the fifth 1,000 hectares (inclusive) of a rural Western lands holding. > > A3 represents 5,000 hectares or (for a rural Western lands holding of less than 10,000 hectares) the number of hectares in the holding in excess of 5,000, and k3 represents an amount of money per hectare specified by clause 50 for the sixth to the tenth 1,000 hectares (inclusive) of a rural Western lands holding. > > A4 represents 10,000 hectares or (for a rural Western lands holding of less than 20,000 hectares) the number of hectares in the holding in excess of 10,000, and k4 represents an amount of money per hectare specified by clause 50 for the eleventh to the twentieth 1,000 hectares (inclusive) of a rural Western lands holding. > > A5 represents 10,000 hectares or (for a rural Western lands holding of less than 30,000 hectares) the number of hectares in the holding in excess of 20,000, and k5 represents an amount of money per hectare specified by clause 50 for the twenty-first to the thirtieth 1,000 hectares (inclusive) of a rural Western lands holding. > > A6 represents 20,000 hectares or (for a rural Western lands holding of less than 50,000 hectares) the number of hectares in the holding in excess of 30,000, and k6 represents an amount of money per hectare specified by clause 50 for the thirty-first to the fiftieth 1,000 hectares (inclusive) of a rural Western lands holding. > > A7 represents the number of hectares in a rural Western lands holding in excess of 50,000, and k7 represents an amount of money per hectare specified by clause 50 for each hectare in the holding after the fifty-thousandth.