Aboriginal Land Act 1991

The trustee of freehold option land may, by resolution, make a schedule identifying the freehold option land available to be granted in freehold.

The freehold schedule must identify the freehold option land so the boundaries of the land are capable of being decided.

Freehold option land identified in a freehold schedule is available land.

A freehold schedule that only identifies freehold option land of a type prescribed by regulation for this subsection is a model freehold schedule.

If the trustee makes a freehold schedule, the trustee must, by resolution, make a policy (a freehold policy) at the same time to help the trustee in implementing the freehold schedule.

The freehold policy must be in the approved form and state—

the criteria (the eligibility criteria) for participating in the allocation process for available land; and

if there is no interest holder for available land—the allocation method for available land; and

the sale price of available land and the costs to be recovered from the sale price; and

how the community will be consulted about the allocation process for available land; and

how the trustee will deal with interests in, or in relation to, available land, before it is allocated; and

the social and financial implications for the community in providing freehold; and

the social and financial implications for any eligible person who is granted freehold; and

the potential to attract investment and new members into the community; and

any other matter prescribed by regulation.