Minister may declare lease forfeited
137G Minister may declare lease forfeited
S. 137G inserted by No. 10011 s. 12, substituted by No. 14/2024 s. 5.
If the Minister is satisfied that a lessee of a conditional purchase lease has failed to comply with any covenant or condition of the lease, the Minister must—
give the lessee a notice specifying—
the non-compliance; and
the date, being not less than 30 days from the date of the notice, by which the lessee must rectify the non-compliance; and
give every mortgagee of the lessee's interest a notice—
specifying the non-compliance; and
inviting the mortgagee to make written submissions to the Minister regarding the non‑compliance within 30 days after receiving the notice or any longer period specified in the notice.
If the lessee does not rectify the non‑compliance specified in the notice under subsection (1)(a) within the specified period, the Minister, after considering any submissions made in accordance with subsection (1)(b), may declare, by notice published in the Government Gazette, that the lease is forfeited.
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