503F
In forceLapse of offer
Chapter 8Continued rights and tenures
Part 7Tenures under other Acts
Division 2AFurther opportunity to convert certain perpetual town leases, that were previously miners homesteads, to freehold
503F Lapse of offer
(1)
An offer to convert the lease to freehold is valid for 3 months.
(2)
An offer must be accepted in writing.
(3)
If an offer is not accepted or rejected in writing within the stated time, the offer lapses.
(4)
The Minister, before or after the offer lapses, may extend the time stated in the offer.
This Act’s bill:Explanatory memorandum
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