Certain City Arcade transactions etc. prescribed (Act s. 18(7)(b))
5A Certain City Arcade transactions etc. prescribed (Act s. 18(7)(b))
The circumstances and conditions prescribed for the purposes of section 18(7)(b) of the Act in relation to a transaction being the grant of any further sublease in respect of the land that is the subject of Sublease G362051 are that —
under Sublease G362051 the consent of the Minister and the Sublessor to the grant of the sublease is not required; and
the Sublessee under Sublease G362051 has granted, or consented to the grant of, the sublease; and
the provisions of the sublease are consistent with the provisions of Sublease G362051.
The circumstances and conditions prescribed for the purposes of section 18(7)(b) of the Act in relation to a transaction being the assignment, sale, transfer or other dealing with a sublease mentioned in subregulation (1) are that —
under Sublease G362051 the consent of the Minister and the Sublessor to the transaction is not required; and
the Sublessee under Sublease G362051 has consented to the transaction.
[Regulation 5A inserted: Gazette 18 Sep 2009 p. 3619-20.]
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