Document ID: chunk:federal_register_of_legislation:F2022L00470:reg:33:p2
Version: federal_register_of_legislation:F2022L00470
Segment Type: reg
Provision Reference: reg 33 (pt 2/2)
Character Range: 48141–48987

the land, or a part of the land, to another person.

Commonwealth to account for revenue received from improvements
 (6) The Commonwealth must pay to a lessee the amount set out in subsection (7) if:
 (a) the term of the lease expires; and
 (b) there are improvements to which this Division applies on the land comprised in the lease; and
 (c) in relation to the period (the relevant period) after the expiry of the lease and before the Commonwealth leases the land, or part of the land, to another person, the Commonwealth receives revenue attributable in whole or part to the improvements.
 (7) The Commonwealth must pay to the lessee an amount equal to the revenue received by the Commonwealth for the relevant period less the reasonable maintenance and other costs incurred by the Commonwealth in relation to the improvements for that period.