sec.49When rent is payable

sec.49 When rent is payable

Rent for a development lease issued under the repealed Land Act 1962 , part 9 , division 1 , must be paid on or before 1 January of the calendar year for which the rent is payable. Rent for a category 12.1, 12.2, 13 or 14.2 tenure for which a rental period is divided into quarterly sub-periods under section 21 (5) , must be paid— for the sub-period starting on 1 July—on or before 1 September of the sub-period for which the rent is payable; or for the sub-period starting on 1 October—on or before 1 December of the sub-period for which the rent is payable; or for the sub-period starting on 1 January—on or before 1 March of the sub-period for which the rent is payable; or for the sub-period starting on 1 April—on or before 1 June of the sub-period for which the rent is payable. Rent for a tenure, other than a tenure mentioned in subsection (1) or (2) , must be paid— for rent payable for a rental period that is a financial year—on or before 1 September of the financial year; or for rent payable for another rental period—on or before the day stated in the account given to the tenure holder setting out the rent or instalments payable. This section applies subject to section 51 . (sec.49-ssec.1) Rent for a development lease issued under the repealed Land Act 1962 , part 9 , division 1 , must be paid on or before 1 January of the calendar year for which the rent is payable. (sec.49-ssec.2) Rent for a category 12.1, 12.2, 13 or 14.2 tenure for which a rental period is divided into quarterly sub-periods under section 21 (5) , must be paid— for the sub-period starting on 1 July—on or before 1 September of the sub-period for which the rent is payable; or for the sub-period starting on 1 October—on or before 1 December of the sub-period for which the rent is payable; or for the sub-period starting on 1 January—on or before 1 March of the sub-period for which the rent is payable; or for the sub-period starting on 1 April—on or before 1 June of the sub-period for which the rent is payable. (sec.49-ssec.3) Rent for a tenure, other than a tenure mentioned in subsection (1) or (2) , must be paid— for rent payable for a rental period that is a financial year—on or before 1 September of the financial year; or for rent payable for another rental period—on or before the day stated in the account given to the tenure holder setting out the rent or instalments payable. (sec.49-ssec.4) This section applies subject to section 51 .

• (a) for the sub-period starting on 1 July—on or before 1 September of the sub-period for which the rent is payable; or
• (b) for the sub-period starting on 1 October—on or before 1 December of the sub-period for which the rent is payable; or
• (c) for the sub-period starting on 1 January—on or before 1 March of the sub-period for which the rent is payable; or
• (d) for the sub-period starting on 1 April—on or before 1 June of the sub-period for which the rent is payable.