sec.4ABases for site rent increase— Act , s 69A

sec.4A Bases for site rent increase— Act , s 69A

For section 69A (1) (b) of the Act , each of the following is prescribed as a basis for working out the amount of an increase in the site rent— an amount worked out by multiplying the site rent by the CPI increase; an amount worked out by multiplying the site rent by a stated percentage; a stated amount expressed in dollars; an amount worked out by apportioning, in a stated way, the relevant rates increase for the residential park among the home owners for the residential park; an amount that is the greater of the amounts under any 2 of the bases prescribed under paragraphs (a) to (d) ; the amount that is the greater of the following amounts— the amount worked out by multiplying the site rent by the CPI increase; the amount worked out by multiplying the site rent by 3.5% an amount that is the lesser of the amounts under any 2 of the bases prescribed under paragraphs (a) to (d) ; the amount that is the lesser of the following amounts— the amount worked out by multiplying the site rent by the CPI increase; the amount worked out by multiplying the site rent by 2.5% an amount that is the sum of the amounts worked out using any 2 of the bases prescribed under paragraphs (a) to (d) . the amount that is the sum of— the amount worked out by multiplying the site rent by the CPI increase; and the amount worked out by multiplying the site rent by 1% See, however, section 69B of the Act in relation to restrictions on increasing the site rent. In this section— CPI increase see section 69B (7) of the Act . rate notice means— a notice issued under a regulation made under the City of Brisbane Act 2010 to levy rates and charges under that Act; or a notice issued under a regulation made under the Local Government Act 2009 to levy rates and charges under that Act. relevant rates increase , for a residential park, means the amount of the increase, if any, expressed in dollars between the total amount payable under the rate notices issued to the park owner in respect of the residential park— for the 12-month period ending on a stated day of the year in which the increase in site rent is being worked out; and for the 12-month period ending on the same day of the year immediately preceding the year mentioned in paragraph (a) . s 4A ins 2025 SL No. 119 s 9 (sec.4A-ssec.1) For section 69A (1) (b) of the Act , each of the following is prescribed as a basis for working out the amount of an increase in the site rent— an amount worked out by multiplying the site rent by the CPI increase; an amount worked out by multiplying the site rent by a stated percentage; a stated amount expressed in dollars; an amount worked out by apportioning, in a stated way, the relevant rates increase for the residential park among the home owners for the residential park; an amount that is the greater of the amounts under any 2 of the bases prescribed under paragraphs (a) to (d) ; the amount that is the greater of the following amounts— the amount worked out by multiplying the site rent by the CPI increase; the amount worked out by multiplying the site rent by 3.5% an amount that is the lesser of the amounts under any 2 of the bases prescribed under paragraphs (a) to (d) ; the amount that is the lesser of the following amounts— the amount worked out by multiplying the site rent by the CPI increase; the amount worked out by multiplying the site rent by 2.5% an amount that is the sum of the amounts worked out using any 2 of the bases prescribed under paragraphs (a) to (d) . the amount that is the sum of— the amount worked out by multiplying the site rent by the CPI increase; and the amount worked out by multiplying the site rent by 1% See, however, section 69B of the Act in relation to restrictions on increasing the site rent. (sec.4A-ssec.2) In this section— CPI increase see section 69B (7) of the Act . rate notice means— a notice issued under a regulation made under the City of Brisbane Act 2010 to levy rates and charges under that Act; or a notice issued under a regulation made under the Local Government Act 2009 to levy rates and charges under that Act. relevant rates increase , for a residential park, means the amount of the increase, if any, expressed in dollars between the total amount payable under the rate notices issued to the park owner in respect of the residential park— for the 12-month period ending on a stated day of the year in which the increase in site rent is being worked out; and for the 12-month period ending on the same day of the year immediately preceding the year mentioned in paragraph (a) .