Surrender
27 Surrender
A lease entitlement may be surrendered—
completely; or
to the extent of a part of the lease entitlement land.
The surrender may be on the basis of the payment of an agreed consideration for the surrender.
If the holder is deceased, the chief executive may accept a surrender from persons who are interested persons in the estate of the deceased holder.
If a lease entitlement is surrendered, the chief executive must publish on the department’s website the cancellation of the lease entitlement notice for the lease entitlement.
The publication of the notice ends the lease entitlement and no further action may be taken under this Act to satisfy the entitlement.
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