(1) The Board may make
it a condition of a permit issued under Division 5 that the annual rent
payable for the pastoral lease in respect of which the permit is issued
includes an additional rent (the permit rent ), determined by the
Valuer-General under subsection (3) or the Minister under section 122I(2), in
relation to that part of the land under the lease that is affected by the
permit.
[(2) deleted]
(3) The Valuer-General
must determine the permit rent for the purposes of subsection (1) at times
requested by the Minister.
(4) Determinations
under subsection (3) must be made in respect of each lease concerned at
intervals of not less than one year and not more than 5 years.
(5) A determination
under subsection (3) —
(a)
comes into effect on the day on which the pastoral lessee is notified of the
determination; and
(b)
applies in addition to, and does not affect, a determination under
section 122H(1), 123(1)(a), 123A(4)(b) or 123B(3)(b); and
(c)
applies until a new determination under subsection (3) or section 122I(2)
comes into effect in respect of the lease.
[Section 124 amended: No. 4 of 2023 s. 62.]