Australian Capital Territory
Taxation Administration (Interest Payable – Land Rent) Determination 2008 (No 1)
Disallowable instrument DI2008–137
made under the  
Taxation Administration Act 1999, section 139 (Determination of amounts payable under tax laws)

1	Name of instrument
This instrument is the Taxation Administration (Interest Payable – Land Rent) Determination 2008 (No 1).
2	Commencement 
This instrument commences on the commencement of the Land Rent Act 2008. 
3	Determination of interest rate on unpaid land rent
For the purposes of section 21 of the Land Rent Act 2008, interest is calculated at the market rate component as defined in section 26 (2) of the Taxation Administration Act 1999.

Jon Stanhope MLA
Treasurer
30 June 2008