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LAND AND OTHER LEGISLATION AMENDMENT ACT 2017 - SECT 9 Amendment of s 164 (What is a rolling term lease)

LAND AND OTHER LEGISLATION AMENDMENT ACT 2017 - SECT 9

Amendment of s 164 (What is a rolling term lease)

9 Amendment of s 164 (What is a rolling term lease)

(1) Section 164(1)(a), after ‘island’—

insert—

(a
"tourism lease" )
(2) Section 164(1)(c), example, ‘paragraph (c)’—

omit, insert—
Example—
paragraph (d)
(3) Section 164(1)(b) and (c)—

renumber as section 164(1)(c) and (d).
(4) Section 164(1)—

insert—
(b) it is a lease that—
(i) includes tidal water land the subject of a covenant ensuring the lease may only be transferred to a person if a tourism lease is also transferred to the person; and
(ii) the Minister has approved as a rolling term lease;
(5) Section 164—

insert—
(3) In this section—


"tidal water land" means land that, under section 9(1), is the property of the State and may be dealt with as unallocated State land.