s 7B
In forcePayment period—deceased lessee
Part 2Homes and home sites
Division 3Automatic conversion of residential leases to freehold land
Subdivision 2Process for automatic conversion of residential leases to freehold land
7B Payment period—deceased lessee
(1)
For section 7A(2)(a), the payment period is 5 years from the day of the lessee’s death.
(2)
However, if the beneficiary to whom the unconverted lease was transferred transfers the land in the deed of grant to a non-beneficiary during the 5 year period, the payment period is the earliest of the following periods to end—
(a)
5 years from the day of the lessee’s death;
(b)
2 years from the day the transfer from the beneficiary to the non-beneficiary is registered.
(3)
In this section—non-beneficiary means a person who is not a beneficiary in relation to the deceased lessee.
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