32
CurrentExtension of term of lease
32 Extension of term of lease
(1)
The term of a Western lands lease that is a term lease may be extended from time to time—
(a)
for a term not exceeding 40 years, and
(b)
on the terms and conditions (not affecting the amount of rent) that the Minister thinks fit.
(2)
An extension may be for the whole, or a specified part, of the land leased.
(3)
An application for an extension must be made in the manner and form approved by the Minister or prescribed by the regulations.
Regulations
This provision refers to the regulations (prescribed by the regulations
). Made under this Act:
This Act’s bill:Explanatory memorandumSecond reading speech
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