Appeal against decision on purchase price for conversion
19 Appeal against decision on purchase price for conversion
This section applies if the chief executive—
makes a conversion offer; and
decides the purchase price for the conversion of the lease under section 170(1) of the Act (the purchase price decision).
The lessee may appeal against the purchase price decision.
Note—
For appealing against a decision, see chapter 7, part 3 of the Act.
However, if the purchase price decision relates to an offer of a deed of grant for land that is subject to a category 11.1 or 11.2 lease, the appeal must not relate to the rental valuation of the land subject to the lease.
Note—
A rental valuation is decided by the valuer-general under the Land Valuation Act 2010 and is used to calculate the unimproved value of lease land for a purchase price under sections 10(1) and 13(1)(a).
The chief executive must ensure the notice of conditions of the offer given under section 168(1) of the Act is accompanied by or includes an information notice about the purchase price decision.
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