Rental arrangement categories for state land tenures
13 - Business and core government business
Category 13 covers leases, licences and permits to occupy used for business, tourism, commercial and industrial purposes that do not meet the requirements of another category.
This category also covers tenures held by government leasing entities when the use of the land is essential for the conduct of their core business (e.g. operating hospitals, police stations, schools, offices and depots).
These entities include the state and Commonwealth governments and their authorities, instrumentalities or body corporates; government-owned companies and corporations; and local governments.
Note: A government company means a corporation incorporated under the Corporations Act 2001 whose stock or shares are beneficially owned by the state.
How your rent is determined
The annual rent is calculated at 6% of the 3-year average of the land value for rental purposes, as prescribed by the Land Regulation 2020. The minimum rent as prescribed by the Land Regulation 2020 . This is indexed annually, with the new minimum rent coming into effect from 1 July each year.
Due date
Annual rents are due on 1 September of the financial year for which the rent is payable. Invoices are normally issued before the end of July.
Quarterly payments
You may be eligible to make quarterly payments if your annual rent is greater than $2000. If eligible, you will be sent an invoice for the quarterly payment about 30 days before it is due. Payments are due on 1 September, 1 December, 1 March and 1 June.
If you would prefer to make a single payment for the total annual rent, email ltladmin@resources.qld.gov.au or call (07) 3199 7817.
Penalty on late payment
If you do not pay the rent within the time prescribed on the invoice, you will be required to pay penalty interest on the rent outstanding until the day the rent is paid. This is in addition to the rent.
Penalty interest rate
The penalty interest rate, accruing daily and compounding monthly, is 2% above the Suncorp-Metway business variable lending base rate as at 1 July of the annual billing period.
Hardship assistance
If you hold a term or perpetual lease, a road licence or occupation licence and are suffering financial hardship, you may be eligible to defer your payment. Holders of permits to occupy are not eligible.
If your application is successful, you will be allowed to defer all or part of your rent for the rental period. See deferring your rent or instalment for more information.
Note: No interest will be charged on the deferred rent.
Related information
Rental arrangements are made in accordance with the Land Regulation 2020.
In this guide:
- 11 - Primary production
- 12 - Residential
- 13 - Business and core government business
- 14.1 - Charities and small sporting or recreational clubs
- 14.2 - Large sporting or recreational clubs
- 15 - Communication sites
- 16 - Divestment