Western Australian Current Acts

LAND ADMINISTRATION ACT 1997 - SECT 123

123 .         Valuer-General to determine annual rent at 10 yearly intervals

        (1)         In each rent review year, the Valuer-General must —

            (a)         determine the annual rent payable for each pastoral lease in accordance with subsection (2); and

            (b)         on or before 31 December (the determination day ) in that year give the determination to the Minister.

        (2)         For the purposes of subsection (1)(a), the annual rent payable for a pastoral lease is the amount of ground rent that, as at 1 July in the rent review year, the land might reasonably be expected to realise in good condition for a long-term lease for pastoral purposes under which all normal outgoings are paid by the lessee.

        (3)         A determination under subsection (1)(a) of the annual rent payable for a pastoral lease —

            (a)         comes into effect on 1 July next following the determination day; and

            (b)         applies until a new determination under section 122H(1) or 123A(4)(b) comes into effect in respect of the lease.

        (4)         Subsection (3) is subject to sections 112A(2), 124A, 127, 134(8), 141(3) and 254.

        (5)         In determining the annual rent payable for a pastoral lease under subsection (1)(a), the Valuer-General must consult the Board about the economic state of the pastoral industry.

        [Section 123 inserted: No. 4 of 2023 s. 60.]