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s 78B

Governor may create reserves

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Part IVPermits, Licenses, and Leases
Division 4General

78B Governor may create reserves

(1)

The Governor may from time to time by notice in the Gazette reserve to Her Majesty any Crown land defined in the notice.

(2)

Where land is reserved under the provisions of subsection (1) of this section or under the provisions of section 55A of this Act, a person shall not apply for or be granted a permit to explore, a license to prospect or a petroleum lease in respect of the land whilst it remains so reserved.

(3)

(a) Land reserved under —

(i)

this section; or

(ii)

section 55A of this Act and in respect of which land the first right of acquisition granted under subsection (3) of that section has not been exercised,

may be disposed of by the Minister subject to this Act, by sealed tender or public auction, on such terms and conditions, at such times and such places as he thinks fit.

(b)

Notice of the calling of tenders or the holding of an auction under this section, shall be advertised by the Minister once in the Gazette and once in a newspaper circulating throughout the State.

(c)

Where land is to be disposed of under this section by tender the Minister is not required to accept the highest or any other tender that may be received in respect of the land.

(4)

Where land is disposed of under the provisions of this section it ceases to be reserved and the purchaser shall be granted such title to the land under this Act as is approved by the Minister, and the title so granted is subject in all respects to the provisions of this Act and the regulations for the time being in force.

[Section 78B inserted: No. 66 of 1954 s. 19.]

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