311Working out amount payable to remove concessional

311 Working out amount payable to remove concessional status (1) This section applies if a development application in relation to a lease is subject to a condition under section 310. (2) The amount payable is worked out as follows: AP, for a lease, means the amount (if any) paid for the lease at grant.      − MV OV AP MV

Division 10.5.3 Varying concessional leases to remove concessional status MV, for a lease, means the market value of the lease if it were a market value lease. OV, for a lease, means the market value of the lease at grant if it had been a market value lease. (3) To remove any doubt, an amount paid as rent under a lease is not an amount paid for the lease.