Approval
61QO Approval
A plantation licensee may grant a corporation (plantation sublicensee) a sublicence of its plantation licence only under this Act.
The plantation licensee grants a sublicence under this Act by entering into an agreement (plantation sublicence) under which all of the plantation licensee’s rights under its plantation licence in relation to all or part of the licence area are granted to the plantation sublicensee for a term of years that is less than the unexpired term of the plantation licence.
However, a plantation licensee may enter into a plantation sublicence only with the Minister’s written approval.
The Minister may—
refuse to approve a proposed plantation sublicence; or
approve the entering into of the proposed plantation sublicence on the conditions the Minister considers appropriate; orExample of a condition—
• that the plantation sublicensee enter into a related agreement
approve the entering into of the proposed plantation sublicence unconditionally.
If the Minister decides not to approve the entering into of the proposed plantation sublicence, the plantation licensee must be given written notice of the decision and the reasons for the decision.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.