The charges in Tables 1 to 4 of Schedule 3 apply to a chargeable variation to increase the maximum gross floor area (GFA) of any building or structure permitted for non-residential use on the land under a commercial or industrial lease. An example is to increase the maximum GFA from 1000m2 to 1500m2.
Remissions also apply to some s331 standard chargeable variations.
If the development application is approved, the delegate of the Commissioner for Revenue will calculate the LVC in accordance with the schedule(s) and provide the applicant and Lessee with a notice of assessment. Remissions will be applied as applicable.