Australian Capital Territory
Land Rent (Total income of lessee—Pre- 1 October 2013 leases) Determination 2014 (No 1)
Disallowable instrument DI2014-318
made under the  
Land Rent Act 2008, section 9A (Total income of lessee)

1	Name of instrument
This instrument is the Land Rent (Total income of lessee—Pre-1 October 2013 leases) Determination 2014 (No 1).
2	Commencement 
This instrument commences on 1 January 2015.
3	Application—Pre-1 October 2013 leases
This determination applies to a land rent lease first granted under a contract entered into before 1 October 2013.

4	Determination
Total income of a lessee —
(a)	includes the income of the lessee or lessee’s; and
(b)	for a self-employed person—includes the net trading profit or gain made in the ordinary course of carrying on the person’s business, rather than the business’ turnover; and
(c)	includes income from all sources, such as benefits from a salary packaging arrangement, short term higher duty payments, short term second job payments, maintenance payments, and income that is exempt income under the Income Tax Assessment Act 1997 (Cth); but
(d)	excludes employment termination payments that are payments made for years of service under a genuine redundancy payment.

Andrew Barr MLA 
Treasurer
16  December 2014