Designated person’s options
239 Designated person’s options
This section applies—
if the court decides the lease may be forfeited under section 238; or
for a lease that may be forfeited under section 234(e).
The designated person may—
forfeit the lease; or
decide not to forfeit the lease, but instead to—
allow the lease to continue but subject to the conditions the designated person considers appropriate; or
allow the lessee to convert the lease to a lease of a lesser tenure, for the same or a lesser area, and subject to the conditions the designated person considers appropriate; or
allow the lessee to sell the lease within a time decided by the designated person; or
allow any mortgagee, any relevant local government or the chief executive to sell the lease under this part.
A mortgagee of a term or a perpetual lease may appeal against a decision under subsection (2)(b)(iv) to allow an entity other than the mortgagee to sell the lease.
A relevant local government of a term or a perpetual lease may appeal against a decision under subsection (2)(b)(iv) to allow an entity other than the relevant local government to sell the lease.
This Act’s bill:Explanatory memorandum
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