Subdiv 9Rent

Subdivision 9—Rent 45—Rent (1) This section applies in relation to— (a) a renewable energy licence to the extent that the licence area comprises designated land; and (b) a special enterprise licence. (2) Rent is payable to the Minister in respect of any part of the licence area of a licence to which this section applies— (a) of an amount determined in accordance with the regulations to be the annual rent for the licence; and (b) annually in arrears. (3) If rent is payable under this section in respect of land that comprises pastoral land, the Minister must, at the prescribed times, pay a prescribed amount or prescribed percentage of that rent into the Pastoral Land Management Fund established under the Pastoral Land Management and Conservation Act 1989. (4) Without limiting subsection (2) or (3), regulations made for the purposes of this section may provide for rent payable under this section to be reduced, waived or deferred. (5) The liability to pay an amount under this section constitutes a debt due to the Crown.