Australian Capital Territory
Residential Tenancies Amendment Regulation 2012 (No 1)
Subordinate Law SL2012-11

The Australian Capital Territory Executive makes the following regulation under the Residential Tenancies Act 1997.
Dated 21 March  2012.
Simon Corbell
Minister
Andrew Barr
Minister

Australian Capital Territory
Residential Tenancies Amendment Regulation 2012 (No 1)
Subordinate Law SL2012-11
made under the
Residential Tenancies Act 1997

    

1	Name of regulation
This regulation is the Residential Tenancies Amendment Regulation 2012 (No 1).
2	Commencement
This regulation commences on the day after its notification day.
Note	The naming and commencement provisions automatically commence on the notification day (see Legislation Act, s 75 (1)).
3	Legislation amended
This regulation amends the Residential Tenancies Regulation 1998.
4	New section 1A
insert
1A	Prescribed agreement not residential tenancy agreement—Act, s 6D (1) (d)
	(1)	An agreement relating to the occupation of premises is a prescribed agreement if—
	(a)	the agreement is between the Territory (the lessor) and a person (the lessee); and
	(b)	the agreement includes a term that makes the lessor liable to pay the lessee, on the date of effect, an exit payment calculated in accordance with the following formula:

	(2)	In this section:
date of effect means the date of effect stated in the agreement.
market value, of premises, means a valuation of the premises as if—
	(a)	the land relating to the premises were subject to a units plan under the Unit Titles Act 2001; and
	(b)	the rights and obligations mentioned in the agreement were rights and obligations in relation to a unit within a units plan under the Unit Titles Act 2001.
market value at entry means the market value of the premises to which the agreement relates on the day the lessee pays the sublease consideration.
market value at exit means the market value of the premises to which the agreement relates on the date of effect.
sublease consideration means the sublease consideration stated in the agreement.

Endnotes
1	Notification
	Notified under the Legislation Act on 26 March 2012.
2	Republications of amended laws
	For the latest republication of amended laws, see www.legislation.act.gov.au.

© Australian Capital Territory 2012