83Discharge amount for special Pialligo leases—Act, s 349,

83 Discharge amount for special Pialligo leases—Act, s 349, def discharge amount (1) The discharge amount for a special Pialligo lease that commenced less than 1 year before the discharge amount is paid is the amount worked out as follows: amount paid + owed amount

(2) The discharge amount for a special Pialligo lease that commenced at least 1 year before the discharge amount is paid is the amount worked out as follows: amount paid − (cpi adjusted amount × whole years 10 ) + owed amount amount paid means— (a) for a nominal rent lease—the consideration for the lease when it was granted less the excluded amount; or (b) for any other lease—the consideration for the lease when it was granted plus any amount to be paid under the lease less the cpi adjusted amount means the amount worked out as follows: amount paid × later index number earlier index number later index number, in relation to a lease, means the last index number published before the discharge amount for the lease is paid. owed amount, in relation to a lease, means any amount remaining to be paid under the lease, even if the amount is not yet owing. whole years, in relation to a lease, means the number of whole years since the lease commenced.

Payment of amount on surrender or termination of leases—certain leases Division 14.1 Part 14 Surrendering and terminating Division 14.1 Payment of amount on surrender or termination of leases—certain leases 84 Application—div 14.1 (1) This division applies to the following leases: (a) a residential lease granted for not more than 3 residential dwellings; (b) a lease granted to a community organisation; (c) a lease terminated for breach of a building and development provision. (2) However, this division does not apply to a lease surrendered under— (a) the LAIE buyback program; or (b) the eligible impacted property buyback program. eligible impacted property buyback program—see the Civil Law (Sale of Residential Property) Act 2003, section 9A (1).