22   Calculation of cultivation charge

The cultivation charge referred to in section 20 (1) is to be calculated for a rural holding as follows:

where:

S represents the scaling factor for the financial year to which the rent relates.

TC represents the number of hectares in the holding on which cultivation is permitted under this Act for a limited period of time pursuant to a consent under section 18DA, and k₈ represents an amount of money per hectare prescribed by the regulations for such land.

PC represents the number of hectares in the holding on which cultivation is permitted under this Act indefinitely:

(a)  pursuant to a lease for the purpose of agriculture, grazing and agriculture combined or mixed farming or any similar purpose or purposes, or

(b)  pursuant to a consent under section 18DA,

and k₉ represents an amount of money per hectare prescribed by the regulations for such land.