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Lands Act 1976 - Lands (Review of Land Rental Rates) Order 2014

REPUBLIC OF NAURU


LANDS ACT
(ACT NO. 13 OF 1976)


Lands (Review of Land Rental Rates) Order 2014
S.L No. 6


Cabinet in exercise of its powers under section 16 of the Lands Act 1976 of Nauru makes the following Order –


1 Citation
This Order may be cited as the Lands (Review of Land Rental Rates) Order 2014.


2 Commencement
This Order shall commence on 1 July 2014.


3 New land rental rates


Land Classification Type

Current Contract Land Rental Rates

Proposed Lower Ranged Market Land Rental Rates

Cemetery, Coconut land & Non-commercial residential sites

$1.20/m²

$3.60/m²

Special Public Use Land (Education/Hospital/Fire/Police)

$1.20/m²

$4.00/m²

Special Commercial (Aerodrome)

$2.40m²

$7.00/m²

Commercial I Land (Phosphate/Land/Ronphos/RPC/NUC/Hotels/Air Terminal/Commercial Residential/Government)

$3.60/m²

$8.50/m²

Special Commercial Reserve Land (PI-Permanent Installation Phosphate Land)

$3.60/m²

$7.50/m²


Dated this 5th day of June 2014.


HON. BARON DIVAVESI WAQA M.P
PRESIDENT
CHAIRMAN OF THE CABINET


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