5.16
CurrentTerm
5.16 Term
(1)
The term of a lease of Crown land (including any option for the grant of a further term) granted by the Minister is not to exceed 100 years, except as provided by subsection (2).
(2)
A perpetual lease may be granted by the Minister over Crown land in the Western Division.
Note.
Division 7 of Part 3 of Schedule 3 also enables the holder of a term lease over Crown land in the Western Division to apply to the Minister to convert the lease into a perpetual lease.
This Act’s bill:Explanatory memorandumSecond reading speech
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