New South Wales Consolidated Acts

VALUATION OF LAND ACT 1916 - SECT 14I

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 lease or licence, or a permit to enclose a road or watercourse, granted under Part 4 of the Crown Lands Act 1989 ,

(b) an incomplete purchase or permissive occupancy, or a special lease or term lease, within the meaning of the Crown Lands (Continued Tenures) Act 1989 ,

(c) a lease under the Forestry Act 1916 ,

(d) in the case of lands of the Crown, a lease of a class or description prescribed by the regulations.