310Development approval to remove concessional status

310 Development approval to remove concessional status subject to condition (1) If the Minister approves a development application under section 185 to vary a concessional lease to remove its concessional status, the approval is subject to the condition that the lessee pays the Territory or a territory entity the amount worked out under section 311. Note If the variation of the lease is not solely for the purpose of removing the lease’s concessional status, a person may also be required to pay a lease variation charge under div 10.7.3. (2) The amount payable is taken to be paid to the Territory or a territory entity if the amount is waived by the Treasurer under the Financial Management Act 1996, section 131, or part of the amount is waived and the rest of the amount is paid.