s 259
In forceMeaning of market value lease—Act
Chapter 10Leases and licences
Part 10.1Preliminary
259 Meaning of market value lease—Act
In this Act:
market value lease—
(a)
means a lease other than a concessional lease or a lease that is possibly concessional; and
(b)
includes a lease mentioned in schedule 2, part 2.2.
Note A lease is taken to be a market value lease if, after an application under s 298, the territory planning authority is not satisfied it is a concessional lease (see s 299 (3) (b) and s 300 (4) (b)).
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