Some lands that are, say, suitable for grazing are leased at $0.25 a hectare or $50 per annum, whichever is greater. Beyond that, generally, Commissioner's land that is used for agricultural purposes is leased at 5 per cent of the assessed value, which is, well, currently 50 per cent of the standard lease rate for other commercial properties, so there is an incentive and very reasonable cost to lease land. Thank you, Mr. Chair.
Louis Sebert on Consideration in Committee of the Whole of Bills and Other Matters (Reversion)
In the Legislative Assembly on February 22nd, 2018. See this statement in context.
Consideration in Committee of the Whole of Bills and Other Matters (Reversion)
Consideration in Committee of the Whole of Bills and Other Matters (Reversion)
February 22nd, 2018
See context to find out what was said next.