Queensland Consolidated Acts Queensland Consolidated Acts(1) Before the Minister consents to the grant of a lease for more than 30 years for a commercial purpose, the Minister must--
(a) obtain an independent assessment of--
(i) the business plan and evidence given to the Minister under section 40F(2)(a) and (b); and
(ii) the proposed lessee's financial and managerial capabilities; and
(b) be satisfied, having regard to the independent assessment, that--
(i) any proposed development under the lease will be commercially viable; and
(ii) the evidence given under section 40F(2)(b) satisfactorily shows that an appropriate return on the investment for the purpose of the lease can not be obtained under a lease for not more than 30 years; and
(iii) the proposed lessee's financial and managerial capabilities are appropriate for carrying out any proposed development under the lease.
(2) The proposed lessee must pay the cost of the assessment.
(3) The cost is not refundable.