sec.94Discount for particular relevant grazing homestead freeholding leases— Act , s 466

sec.94 Discount for particular relevant grazing homestead freeholding leases— Act , s 466

For section 466 (1) (c) of the Act , this section prescribes the discount for a relevant grazing homestead freeholding lease if the remaining purchase price for the lease is paid in cash during the lease. However, this section does not apply in relation to a relevant grazing homestead freeholding lease if— the lease was issued on or after 1 July 2014; or in the Minister’s opinion, the lease land would have a higher value than grazing or agriculture if it were not used for grazing or agriculture. The discount is the percentage of the purchase price stated in schedule 8 , column 2 opposite the balance of the term of the relevant grazing homestead freeholding lease provided for in column 1 of the schedule. (sec.94-ssec.1) For section 466 (1) (c) of the Act , this section prescribes the discount for a relevant grazing homestead freeholding lease if the remaining purchase price for the lease is paid in cash during the lease. (sec.94-ssec.2) However, this section does not apply in relation to a relevant grazing homestead freeholding lease if— the lease was issued on or after 1 July 2014; or in the Minister’s opinion, the lease land would have a higher value than grazing or agriculture if it were not used for grazing or agriculture. (sec.94-ssec.3) The discount is the percentage of the purchase price stated in schedule 8 , column 2 opposite the balance of the term of the relevant grazing homestead freeholding lease provided for in column 1 of the schedule.

• (a) the lease was issued on or after 1 July 2014; or
• (b) in the Minister’s opinion, the lease land would have a higher value than grazing or agriculture if it were not used for grazing or agriculture.