Transfer or amendment of townsite lease
150 Transfer or amendment of townsite lease
A townsite lease must not be transferred or amended without—
the agreement of both the trustee and the lessee of the lease land; and
the Minister’s prior written consent.
A person seeking the Minister’s prior written consent to the transfer or amendment of a townsite lease must give the Minister the information or documents relevant to the proposed transfer or amendment reasonably required by the Minister.
In considering whether to consent to the transfer of a townsite lease, the Minister must consider whether the proposed transferee is capable of complying with the conditions of the lease.
The Minister may consent to the amendment of a townsite lease only if reasonably satisfied—
the amendment does not significantly change the conditions of the townsite lease; and
the amendment will not diminish the purpose of the lease.
A townsite lease must not be transferred to a person who, under this Act, would not be entitled to a grant of the lease.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.