s 15
In forceLeases, licences and other agreements
Part 3General
15 Leases, licences and other agreements
(1)
Where, under the provisions of a lease, licence or other agreement which has not been transferred to ANZ under this Act, Town & Country has rights in respect of the occupation or use of land, those rights may, notwithstanding that there has been no assignment, transfer, underletting or other disposition by Town & Country, be exercised by ANZ.
(2)
For the purposes of a lease, licence or other agreement referred to in subsection (1), Town & Country does not part with possession of land by permitting ANZ to exercise rights under that subsection in respect of the land.
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