Document ID: chunk:federal_register_of_legislation:F2016L00002:schedule:8:p5
Version: federal_register_of_legislation:F2016L00002
Segment Type: schedule
Provision Reference: sch 8 (pt 5/52)
Character Range: 547865–550542

Thirty Thousand Dollars ($30,000) ("the threshold amount") to be paid annually in arrears and calculated by reference to receipts of the previous year.

       (2) The Lessee shall pay to the Land Council on behalf of the Lessor an amount equal to 25% (Kakadu) / 0 (Jabiluka) / 13.8% (Gunlom) of the amount received by the Lessee or by the Commonwealth of Australia pursuant to the grant of any estate or interest in the Park dependent on the Lessee's interest such payments to be made within four (4) weeks of receipt by the Lessee or by the Commonwealth of Australia.

       (3) Notwithstanding any term or provision of this Lease to the contrary nothing in this clause extends to any charge, penalty, fee, fine or impost received by the Lessee or the Commonwealth of Australia and arising out of the operation of the provisions of the Act or the Regulations made thereunder other than the charges, penalties, fees, fines or imposts referred to in sub-clause 1.

Rent Review

       8 (1) The annual rent to be paid under clause 7 and the threshold amount pursuant to paragraph 7 (1) (b) (collectively "the review figures") shall be reviewed on the first day of January, two thousand and one (2001) and thereafter at five (5) yearly intervals during the term of this Lease (collectively "the review date") and shall be calculated by individually multiplying each of the review figures at the commencement of this Lease (called "base period") by the fraction NI/BI .

       Nl refers to the Consumer Price Index for Darwin (all groups) published by the Australian Bureau of Statistics ("the Bureau") in respect of the quarter immediately preceding the particular review date and BI is the Consumer Price Index for Darwin (all groups) published by that Bureau in respect of the quarter immediately preceding the base period.

       (2) In the event that at any time during the term of this Lease the Bureau shall up-date the reference base of that index, the required conversion shall be made to preserve the intended continuity of the calculations by making the appropriate arithmetical adjustment to make the up-dated index number correspond in reference base to the index number at the review date.

       (3) In the event that it is not possible to make an arithmetical adjustment as specified in sub-clause 8 (2), or if there is a change in the basis of assessment of that index or its calculation has been suspended or discontinued, then in the event of the parties failing to agree upon a formula provided for in sub-clause 8 (1) then the matter shall be referred for determination by the Australian Statistician to fix a formula for review of the review figures on