64BLimitation on rent increases—amount

64B Limitation on rent increases—amount (1) A rental rate increase for premises must not be more than the amount prescribed by regulation unless— (a) for a fixed term agreement to which section 64A applies—the agreement allows the lessor to increase the rental rate by the higher amount; or (b) after the lessor gives notice under subsection (2), the tenant agrees, in writing, to the increase; or (c) the lessor obtains the ACAT’s prior approval. (2) For subsection (1) (b), the lessor must give the tenant a written notice stating— (a) the day the proposed increase takes effect (being a day at least 8 weeks after the day the notice is given); and (b) the amount of the proposed increase; and (c) whether the amount of the proposed increase is more than the amount prescribed under subsection (1); and (d) if the proposed increase is more than the amount prescribed under subsection (1)—that if the tenant does not agree to the increase, the lessor may only make the proposed increase with the prior approval of the ACAT.