82. Payment of amount in lieu of rates
(1) A port authority is to pay to the Treasurer in respect of a financial year an amount equal to the sum of all local government rates and charges that, but for ¾
(a) section 81(1); and
(b) section 6.26(2)(a)(i) of the Local Government Act 1995,
the port authority would have been liable to pay in respect of that financial year.
(2) Subsection (1) does not apply in relation to ¾
(a) land that is rateable under section 81(2);
(b) land used or reserved for a purpose prescribed for the purposes of this section; or
(c) an area of land prescribed for the purposes of this section.