Crown Lands Freehold (Conversion From Crown Leasehold) Act 1980

Where, upon the commencement of this Act, a person is the lessee under, or has the right to be granted, a town lands subdivision lease, the right of a person, upon surrender of the lease as to all or part of the land contained in the lease, to be granted a new lease in respect of a lot included in the part of the land surrendered on payment of the reserve price and lease grant charges, if any, payable in respect of new lease shall be read as a right to be granted an estate in fee simple in respect of that lot on payment of the purchase price and the amount, if any, payable under section 18A of the Principal Act as amended by this Act in respect of the lot.

Where, immediately before the commencement of this Act, the consent of the Minister given under section 116A(2) of the Principal

Act was current in respect of the right referred to in that section to assign a Crown lease, that consent shall continue to have effect in respect of the town lands subdivision lease to which it related as though that consent were an agreement under section 22 of the

Principal Act as amended by this Act binding the Minister to grant the estate in fee simple, at the direction of the developer, to a person or persons other than the developer.