46Calculation of cultivation charge

46 Calculation of cultivation charge

46 Calculation of cultivation charge

The cultivation charge referred to in clause 44 (1) is to be calculated for a rural Western lands holding as follows—

where—

S represents the scaling factor for the financial year to which the rent relates.

TC represents the number of hectares in the holding on which cultivation is permitted under the Act for a limited period of time pursuant to a cultivation consent under Part 5 of Schedule 3 to the Act, and k8 represents an amount of money per hectare specified by clause 50 for such land.

PC represents the number of hectares in the holding on which cultivation is permitted under the Act indefinitely—

(a) pursuant to a lease for the purpose of agriculture, grazing and agriculture combined or mixed farming or any similar purpose or purposes, or

(b) pursuant to a cultivation consent under Part 5 of Schedule 3 to the Act,

and k9 represents an amount of money per hectare specified by clause 50 for such land.