15Rates for part of year

15 Rates for part of year (1) This section applies to a parcel of land if the parcel starts or stops being rateable in a year. (2) In working out the rates payable for the parcel for the year, the amount of rates payable is the amount worked out in accordance with the following formula:yearindays daysrateable yearforpayableotherwiserates  (3) However, if a parcel of rateable land is held under a lease from the Commonwealth for only part of the year, the amount of rates payable for the year is the amount worked out in accordance with the following formula:yearindays forceinleasedays yearforpayableotherwiserates 

days lease in force means the number of days in the year when the lease is in force, and includes any days when an owner continues to occupy the parcel of land after the ending of the lease. rateable days means the number of days in the year that the parcel of land was a rateable parcel.