Australian Capital Territory
Taxation Administration (Amounts Payable-Land Rent) Determination 2010 (No 1)
Disallowable instrument DI2010–196
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 (Amounts Payable - Land Rent) Determination 2010 (No 1).
2	Commencement 
This instrument commences on the day after notification. 
3	Determination
For the purposes of the provisions of the Land Rent Act 2008 (the Land Rent Act) specified below, the following are determined under section 139 of the Taxation Administration Act 1999:
(1)	Standard Percentage
For the purposes of sections 8, 15, 16 and 17 of the Land Rent Act, the standard percentage is 4%.
(2)	Discount Percentage
For the purposes of sections 8, 15 and 16 of the Land Rent Act, the discount percentage is 2%.
(3)	Relevant Percentage
For the purposes of sections 8 and 15 of the Land Rent Act, the relevant percentage is to be set by the annual change in Average Weekly Earnings (AWE) as reported by the Australian Bureau of Statistics.
(4)	Income Threshold Amount
For the purposes of sections 11 and 15 of the Land Rent Act, the income threshold amount means the income threshold amount with reference to the number of dependent children the lessees of a land rent lease have as specified below:

Number of dependent children	Income threshold	
0	$83,000	
1	$86,330	
2	$89,660	
3	$92,990	
4	$96,320	
5 or more	$99,650	

4	Revocation
DI2008-138 is revoked.
5	Transitional Provisions
DI2008-138 continues to apply to applications for discounted land rent for the period 1 July 2008 to the day of notification of this instrument. 

Katy Gallagher MLA 
Treasurer

18 August 2010