Pursuant to section 23L(1)(a) of the Crown Pastoral Land Act 1998, I give notice of dollar-per-stock-unit rates calculated using the method specified in the Crown Pastoral Land (Method for Calculating Dollar-Per-Stock-Unit Rates) Regulations 2012 (as amended by the Crown Pastoral Land (Method for Calculating Dollar-Per-Stock-Unit Rates) Amendment Regulations 2012).

For the purposes of Part 1A of the Crown Pastoral Land Act 1998 the dollar-per-stock-unit rate for pastoral leases with a rent review date of 1 January 2021 is $10.77.

Dated at Wellington this 7th day of December 2020.

NEILL ANTHONY SULLIVAN, Valuer-General.