Calculation of rehabilitation rebate
48 Calculation of rehabilitation rebate
The rehabilitation rebate referred to in clause 44 (1) is to be calculated for a rural Western lands holding as follows—
where—
S represents the scaling factor for the financial year to which the rent relates.
TR represents the number of hectares in the holding on which, in the opinion of the Minister, managed rehabilitation is being carried out on a temporary basis (that is, for a period of 10 years or less), and k11 represents an amount of money per hectare specified by clause 50 for such land.
PR represents the number of hectares in the holding on which, in the opinion of the Minister, managed rehabilitation is being carried out on a permanent basis (that is, for a period of more than 10 years), and k12 represents an amount of money per hectare specified by clause 50 for such land.
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