50Amounts of money represented by “k”

#### 50 Amounts of money represented by “k” 50 Amounts of money represented by “k” > For the purposes of the calculations required by clauses 45–48, the symbols k1–k12 in those clauses represent the amounts of money specified in the following Table in respect of each of those symbols— > > Table > > | Symbol | Land to which symbol relates | Amount ($) | > | k1 | each hectare of the first 1,000 hectares of a rural Western lands holding | 0.30 | > | k2 | each hectare of the second to fifth 1,000 hectares (inclusive) of a rural Western lands holding | 0.05 | > | k3 | each hectare of the sixth to tenth 1,000 hectares (inclusive) of a rural Western lands holding | 0.03 | > | k4 | each hectare of the eleventh to twentieth 1,000 hectares (inclusive) of a rural Western lands holding | 0.015 | > | k5 | each hectare of the twenty-first to thirtieth 1,000 hectares (inclusive) of a rural Western lands holding | 0.008 | > | k6 | each hectare of the thirty-first to fiftieth 1,000 hectares (inclusive) of a rural Western lands holding | 0.003 | > | k7 | each hectare in a rural Western lands holding after the fifty-thousandth | 0.001 | > | k8 | each hectare of land in a rural Western lands 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 | 0.30 | > | k9 | each hectare of land in a rural Western lands holding on which cultivation is permitted under the Act indefinitely | 0.40 | > | k10 | each hectare in a rural Western lands holding which, in the opinion of the Minister, is being used for or in connection with intensive agriculture | 2.30 | > | k11 | each hectare in a rural Western lands holding on which, in the opinion of the Minister, managed rehabilitation is being carried out on a temporary basis | 0.30 | > | k12 | each hectare in a rural Western lands holding on which, in the opinion of the Minister, managed rehabilitation is being carried out on a permanent basis | 0.40 |