sec.204AAlternative calculation of rent for resource authorities

### sec.204A Alternative calculation of rent for resource authorities A regulation may provide for the Minister to apply an alternative way of calculating the rent payable for a resource authority, so that a lesser amount of rent is payable, in the circumstances prescribed by regulation. Subsection (3) applies if, under a regulation made under subsection (1) — the Minister applies an alternative way of calculating the rent payable for a resource authority for a particular period; and the calculated amount is less than the amount of rent that would otherwise be payable for the period under the relevant Resource Act for the authority or a condition of the authority. Despite the relevant Resource Act for the resource authority or a condition of the authority, the rental payable for the authority for the period is the lesser amount. s 204A ins 2024 No. 33 s 89 (sec.204A-ssec.1) A regulation may provide for the Minister to apply an alternative way of calculating the rent payable for a resource authority, so that a lesser amount of rent is payable, in the circumstances prescribed by regulation. (sec.204A-ssec.2) Subsection (3) applies if, under a regulation made under subsection (1) — the Minister applies an alternative way of calculating the rent payable for a resource authority for a particular period; and the calculated amount is less than the amount of rent that would otherwise be payable for the period under the relevant Resource Act for the authority or a condition of the authority. (sec.204A-ssec.3) Despite the relevant Resource Act for the resource authority or a condition of the authority, the rental payable for the authority for the period is the lesser amount. - (a) the Minister applies an alternative way of calculating the rent payable for a resource authority for a particular period; and - (b) the calculated amount is less than the amount of rent that would otherwise be payable for the period under the relevant Resource Act for the authority or a condition of the authority.