sec.21Rental period— Act , sch 6 , definition rental period

sec.21 Rental period— Act , sch 6 , definition rental period

For schedule 6 of the Act , definition rental period , this section prescribes the rental period for a tenure. Subject to subsections (3) to (5) , the rental period for a tenure is 1 year starting on 1 July. If a tenure starts on a day other than 1 July, the first rental period for the tenure is the period starting on the day the tenure starts and ending on the next 30 June. If a tenure ends on a day other than 30 June, the last rental period for the tenure is the period starting on the last 1 July before the tenure ends and ending on the day the tenure ends. Subsections (2) to (4) do not prevent the rental period for a tenure, for which the annual rent is more than $2,000, from being divided into quarterly sub-periods starting on 1 July. (sec.21-ssec.1) For schedule 6 of the Act , definition rental period , this section prescribes the rental period for a tenure. (sec.21-ssec.2) Subject to subsections (3) to (5) , the rental period for a tenure is 1 year starting on 1 July. (sec.21-ssec.3) If a tenure starts on a day other than 1 July, the first rental period for the tenure is the period starting on the day the tenure starts and ending on the next 30 June. (sec.21-ssec.4) If a tenure ends on a day other than 30 June, the last rental period for the tenure is the period starting on the last 1 July before the tenure ends and ending on the day the tenure ends. (sec.21-ssec.5) Subsections (2) to (4) do not prevent the rental period for a tenure, for which the annual rent is more than $2,000, from being divided into quarterly sub-periods starting on 1 July.