5.7A.13
CurrentOwnership of improvements on leased land
Chapter 5General
Part 5.7AMildura schools land
Division 2Dealings with Mildura schools land
Subdivision 1Leasing of land
5.7A.13 Ownership of improvements on leased land
S. 5.7A.13 inserted by No. 28/2010 s. 17.
(1)
The ownership of any improvements on any land leased under this Subdivision remains with the current leaseholder if that leaseholder—
(a)
made the improvements; or
(b)
paid the previous leaseholder for the improvements on assignment of the lease to the leaseholder.
(2)
If a leaseholder owns improvements on land leased under this Subdivision and—
(a)
the lease is terminated; and
(b)
there are no lawful assignees of the lease; and
(c)
the leaseholder does not remove the improvements—
the improvements become the property of the Minister.
This Act’s bill:Explanatory memorandumSecond reading speech
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