sec.60CDefinitions for part

sec.60C Definitions for part

In this part— affected resource authority see section 60D (1) . deferral declaration see section 60D (2) . deferral period , for the payment of rent, means the period for which the payment of the rent is deferred under division 2 . deferred rent , for a resource authority, means rent payable for the authority the payment of which is deferred under division 2 . exceptional circumstances , affecting a resource authority, means exceptional circumstances that— result in significant adverse economic impacts on the authority; and are outside the control of the authority’s holder. a natural disaster, a pandemic payment day means— for deferred rent for a resource authority—the day on or before which the deferred rent must be paid; or for an instalment of deferred rent for a resource authority—the day on or before which the instalment of the deferred rent must be paid. s 60C ins 2025 SL No. 48 s 9

• (a) result in significant adverse economic impacts on the authority; and
• (b) are outside the control of the authority’s holder.
• (a) for deferred rent for a resource authority—the day on or before which the deferred rent must be paid; or
• (b) for an instalment of deferred rent for a resource authority—the day on or before which the instalment of the deferred rent must be paid.