155E
In forceProvisions about reduction
Chapter 4Land holdings
Part 3Leases
Division 1CReduction of particular term leases
155E Provisions about reduction
(1)
This section applies if—
(a)
the Minister decides under section 155D to reduce the term of a term lease; and
(b)
for a reduction to which section 155DA applies—the Minister has complied with that section.
(2)
Notice must be given to the lessee of the decision and the reasons for it.
(3)
The lessee may appeal against the decision.
(4)
The reduction must be registered as soon as practicable after the appeal expiration day for the decision.
(5)
The reduction has effect from the day it is registered.
(6)
No fee is payable for registering the reduction.
(7)
No compensation is payable by the State for the reduction.
This Act’s bill:Explanatory memorandum
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