Schedule 1 Years to be treated as year A in relation to rent review dates

r 4(3), Schedule 2

Rent review date		Financial year to be treated as year A
1 July 2002		2000–2001
1 January 2003		2001–2002
1 July 2003		2001–2002
1 January 2004		2002–2003
1 July 2004		2002–2003
1 January 2005		2003–2004
1 July 2005		2003–2004
1 January 2006		2004–2005
1 July 2006		2004–2005
1 January 2007		2005–2006
1 July 2007		2005–2006
1 January 2008		2006–2007
1 July 2008		2006–2007
1 January 2009		2007–2008
1 July 2009		2007–2008
1 January 2010		2008–2009
1 July 2010		2008–2009
1 January 2011		2009–2010
1 July 2011		2009–2010
1 January 2012		2010–2011
1 July 2012		2010–2011

Schedule 2 Dollar-per-stock-unit-rate formula

r 4(2)

[

EBITR PSU year A

+

[

EBITR PSU year -1

×

index year A

]

+

[

EBITR PSU year -2

×

index year A

]

+

[

EBITR PSU year -3

×

index year A

]

+

[

EBITR PSU year -4

×

index year A

]

]

×

0.33

index year -1

index year -2

index year -3

index year -4

5

where— year A,—         (a) in the case of a pastoral lease the rent review date of which was in the period beginning on 1 July 2002 and ending with the close of 1 July 2012, is the financial year set out against the relevant review date in Schedule 1; and (b) in any other case, is the most recent financial year for which final values have been published in a permitted farm earnings series year -1 is the financial year immediately preceding year A year -2 is the financial year immediately preceding year -1 year -3 is the financial year immediately preceding year -2 year -4 is the financial year immediately preceding year -3 EBITR PSU,—         (a) in the case of paragraph (a) of the definition of permitted farm earnings series, means farm profit before tax plus interest and rent; and (b) in the case of paragraph (b) of the definition of permitted farm earnings series, means earnings before interest, tax, and rent index is the value of the index in a permitted farm input prices series for the relevant year.