New South Wales Consolidated Acts

LORD HOWE ISLAND ACT 1953 - SECT 31

31 Right to payment for improvements not to be lost by subsequent forfeiture of the land

Where a lessee of land containing improvements which are the subject of tenant-right under this Act pays to the person having tenant-right part of the capital value of the improvements, and the lease becomes forfeited, such share of the capital value of the improvements as is represented by the amount paid up to the time of the forfeiture, shall (subject to this Act) vest in the Crown, and the remaining share of the improvements, or in the case of no such payments having been made, then the whole of the improvements shall continue to belong to the person having tenant-right, and shall be subject to tenant-right as defined by this Act: Provided that if after the forfeiture the land becomes the subject of a lease under this Act, a determination or redetermination, as the case may be, shall thereupon be made of such share of the capital value of the improvements as is vested in the person having tenant-right.