Document ID: chunk:federal_register_of_legislation:F2022L00470:reg:1
Version: federal_register_of_legislation:F2022L00470
Segment Type: reg
Provision Reference: reg 1
Character Range: 28042–29468

1                                           V1  an amount equal to the capital sum that the new lease or leases to be granted under the consolidation or subdivision might be expected to realise if:                                        an amount equal to the capital sum that the lease might be expected to realise if:
                                                (a) the consolidation or subdivision were to take place as proposed; and                                                                                                                     (a) the lease were varied as approved by the Minister; and
                                                (b) the new lease or leases were genuinely offered for sale immediately after the variation on the reasonable terms and conditions that a genuine seller would require; and                  (b) the lease were genuinely offered for sale immediately after the variation on the reasonable terms and conditions that a genuine seller would require; and
                                                (c) the rent payable throughout the term of the new lease or leases were a nominal rent                                                                                                      (c) the rent payable throughout the term of the lease or, for a variation that involves the surrender of a lease and the grant of a new lease, the new lease, were a nominal rent