Reservations, exceptions and conditions which may be imposed on grant
15 Reservations, exceptions and conditions which may be imposed on grant
The conditions that a land agreement may specify as conditions to which the grant of an estate in fee simple in land under section 14 may be subject are the following—
the condition that the estate and any legal or equitable interest in the estate is not able to be sold, transferred, disposed of, encumbered or otherwise dealt with;
the condition that, subject to this Act, the leasing or licensing of an estate or of any legal or equitable interest in the estate is prohibited or is restricted as specified in the limitation;
the condition that the estate is to be held by the traditional owner group entity on trust for the traditional owner group.
This Act’s bill:Explanatory memorandumSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.