88
CurrentTerm and review of commercial activity agreements
Part 5Commercial activity agreements for recreation areas
Division 4Requirements applying to and nature of agreements
88 Term and review of commercial activity agreements
(1)
A commercial activity agreement must not be for a term longer than 15 years from the day the agreement commences.
(2)
However, the agreement may allow for the term of the agreement to be extended at any time, so long as the term of the agreement is not, at any time, longer than 15 years.
(3)
The agreement may also provide for—
(a)
reviews of the agreement to be conducted at stated intervals; and
(b)
the matters to be considered at the review.
This Act’s bill:Explanatory memorandum
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