40EWorking out growth index

40E Working out growth index (1) For the purposes of section 40C (2), the growth index is the change in the AUV of relevant commercial land over a calendar year worked second commercial land AUV – first commercial land AUV first commercial land AUV

first commercial land AUV, for a particular calendar year, means the total AUV of all relevant commercial land on 1 January in the year ending immediately before the particular year. relevant commercial land, for a particular calendar year, means all land in the Territory, other than airport land, that was commercial land— (a) on 1 January in the particular year; and (b) for the whole of the year immediately before the particular year. second commercial land AUV, for a particular calendar year, means the total AUV of all relevant commercial land on 1 January in the particular year. Note Commercial land—see the dictionary. (2) For the purposes of working out the growth index over a calendar year, the commissioner must give Canberra Airport information about the calculation of the growth index on 1 January in the calendar year, by 31 July in that year.