Crown Land Management Act 2016

The Secretary may, by notice given to the holder of a continued tenure, redetermine the rent for the tenure. The Secretary may do so at any time (whether during or after the expiry of the initial period).

A notice for the redetermination of rent for a continued tenure made during the initial period must provide that the redetermination takes effect only when the initial period ends.

If rent is not redetermined during the initial period—

for a continued tenure in respect of which a purchase application is made under Schedule 4 during the initial period for land under the tenure if the Minister grants the application (whether during or after the end of the initial period)—the Secretary is not required to redetermine the rent, or

for a continued tenure in respect of which a purchase application is made under Schedule 4 during the initial period for land under the tenure if the Minister refuses to grant the application (whether during or after the end of initial period)—the Secretary must redetermine the rent as soon as reasonably practicable after the purchase application is refused, or

for any other continued tenure—the Secretary must redetermine the rent as soon as reasonably practicable after the initial period ends.

Where there is a rent redetermination under this clause (the initial rent redetermination) for a continued tenure that does not provide for rent redeterminations, the rent for the tenure is to be varied for inflation on the date of each anniversary of the initial rent redetermination (the CPI adjustment date) in accordance with the following formula—

Any redetermination of rent under this clause must be in accordance with Part 6 of this Act. For this purpose, that Part applies as if the continued tenure made no provision for how rent is to be redetermined.

This clause applies despite any other provision of this Schedule or the terms and conditions of the continued tenure.