New South Wales Consolidated Acts

FORESTRY ACT 1916 - SECT 25G

25G Commission may sell its rights in timber and products on purchase-tenure land

(1) The commission may, if it thinks fit, enter into an agreement, containing such terms and conditions as may be agreed upon, to sell to the owner of any purchase-tenure land the subsisting rights of the commission under a profit à prendre reserved in respect of that land under subsection (1) of section 25F.

(2) The price at which the subsisting rights of the commission under a profit à prendre may be agreed to be sold under subsection (1) shall be such amount as the commission determines would have been received by the Crown by way of royalty if the timber and products the subject of those rights had been taken pursuant to a timber licence or products licence.