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VALUATION OF LAND ACT 1916 - SECT 14I Valuing Crown lease restricted land

VALUATION OF LAND ACT 1916 - SECT 14I

Valuing Crown lease restricted land

14I Valuing Crown lease restricted land

(1) Land that is
"Crown lease restricted" is to have its land value determined taking into account the restrictions on the disposition or manner of use that apply to the land by reason of its being the subject of the lease concerned.
(2) Land is
"Crown lease restricted" if it is subject to any of the following--
(a) a holding or enclosure permit within the meaning of the Crown Land Management Act 2016 ,
(b) a continued permissive occupancy within the meaning of Schedule 1 to the Crown Land Management Act 2016 ,
(c) a lease under the Forestry Act 2012 ,
(d) in the case of lands of the Crown, a lease of a class or description prescribed by the regulations.