Australian Capital Territory
Taxation Administration (Amounts Payable-Land Rent) Determination 2012 (No 1)
Disallowable instrument DI2012–175
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 2012 (No 1).
2	Commencement 
This instrument commences 1 July 2012. 
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 relating to this instrument is 4.19%.  This is the annual change in Average Weekly Earnings (AWE) as reported by the Australian Bureau of Statistics for the relevant assessment year.
(4)	Income Threshold Amount
For the purposes of sections 11 and 15 of the Land Rent Act, the income threshold amount means the gross 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	Gross Income threshold	
0	$89,100	
1	$92,430	
2	$95,760	
3	$99,090	
4	$102,420	
5 or more	$105,750	

This gross income threshold is indexed annually to reflect the annual change in Average Weekly Earnings (AWE) as reported by the Australian Bureau of Statistics for the relevant assessment year.
4	Revocation
DI2011-163 is revoked.
5	Transitional Provisions
DI2011-163 continues to apply to applications for discounted land rent for the period 1 July 2011 to 30 June 2012. 

Andrew Barr MLA 
Treasurer
  29 June 2012