Lease of land
115 Lease of land
A Council's power to lease any land to any person is limited to leases for a term of 50 years or less.
Subject to any other Act, and except where section 116 applies, if a Council leases any land to any person subject to any exceptions, reservations, covenants and conditions, it must comply with this section.
A Council must include any proposal to lease land in a financial year in the budget, where the lease is—
for one year or more and—
the rent for any period of the lease is $100 000 or more a year; or
the current market rental value of the land is $100 000 or more a year; or
for 10 years or more.
If a Council proposes to lease land that is subject to subsection (3) and that was not included as a proposal in the budget, the Council must undertake a community engagement process in accordance with the Council's community engagement policy in respect of the proposal before entering into the lease.
This Act’s bill:Explanatory memorandumSecond reading speech
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