Exchanging land
18 Exchanging land
The Governor in Council, by agreement with a registered owner, may grant unallocated State land in exchange for all or part of the freehold land.
Note—A deed of grant issued because of an exchange of land is issued under section 358.
The Governor in Council, by agreement with a lessee of a freeholding lease, may grant a freeholding lease over unallocated State land in exchange for all or part of the freeholding lease.
Note—A freeholding lease amended because of an exchange of land is amended under section 360(1)(f).
The Minister, by agreement with a lessee of a term lease, other than a State lease, or a perpetual lease, may lease unallocated State land for a term of years or in perpetuity in exchange for all or part of the lease.
Note—A term or perpetual lease amended because of an exchange of land is amended under section 360A(3)(c).
A power under this section may be exercised only if the State’s equity in land would not be reduced.
If a registered owner or lessee asks for an agreement to be made under this section, the request must be accompanied by the fee prescribed under a regulation.
This provision refers to the regulations (a regulation
). Made under this Act:
This Act’s bill:Explanatory memorandum
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