New South Wales Consolidated Acts New South Wales Consolidated ActsThe Company shall not, unless the written consent of the Minister be first obtained, sell or dispose of or lease for a term exceeding three years from the execution of the lease the lands described in the First Schedule to the said agreement or any part thereof: Provided that this section shall cease to operate upon the Minister stating in writing that the Company has performed the provisions of subclause (a) of clause one of the said agreement or upon the Company paying to the Minister the liquidated damages covenanted by it in subclause (b) of the said clause one to be paid to him or upon the Auditor-General or the person acting as such for the time being certifying that the cost of the permanent and fixed improvements erected and constructed and caused to be erected and constructed within five years from the date of commencement of the said agreement (or such further time if any allowed by the Minister in writing) by the Company upon the said lands for the purpose of carrying on industrial operations thereon is at least one million pounds. The term "permanent and fixed improvements" has in this section the same meaning as it has in subclause (e) of clause one of the said agreement.