Land Act 1994

The chief executive may, at any time before receiving a conversion application, decide to offer to convert—

a perpetual lease to freehold land; or

a term lease to freehold land; or

a term lease to a perpetual lease, but only if the term lease is—

a lease for pastoral purposes; or

a lease for tourism purposes for land on a regulated island.

Before making a decision under subsection (1), the chief executive must evaluate the lease land to assess the most appropriate tenure for the land.

For conducting the evaluation under subsection (2), section 16 applies with necessary changes.

Sections 420FA and 420G apply in relation to making a decision under subsection (1)—

as if a reference in the sections to deciding an application were a reference to making the decision; and

with other necessary changes.