South Australian Consolidated Acts South Australian Consolidated Acts28—Offering of town allotments by auction
(1) Subject to
subsection (2) of this section, perpetual leases of town allotments shall
be offered for sale by auction at an upset price fixed by the Land Board with
the approval of the Minister, and shall be sold to the highest bidder at or
above such upset price.
(2) In any case where,
before any allotment is offered on perpetual lease, that allotment has been
occupied by any person under licence from the Crown or the Commission or the
Minister, and permanent improvements, consisting of premises used or to be
used for the purpose of residence, business, or manufacture, or for any
religious purpose, have been carried out by him, or he satisfies the Minister
that it is his intention to carry out such permanent improvements immediately
upon the grant of a perpetual lease to him of the allotment, and such person
desires a perpetual lease of the said allotment, the allotment shall be
offered on perpetual lease to such person at a rent to be fixed by the Land
Board with the approval of the Minister: Provided that in fixing the rent of
such an allotment the rent of allotments in the immediate vicinity of such
allotment which have been offered at auction shall be considered.
(3) Perpetual leases
of town allotments offered for sale under subsection (1) and not sold may
be sold by the Minister by private contract at any price not less than the
upset price at which the same were last offered.
(4) In lieu of
offering perpetual leases of town allotments for sale by auction as provided
in the preceding subsections of this section, town allotments may, in any case
in which the Minister so directs, be offered on perpetual lease at such rental
as is fixed by the Land Board with the approval of the Minister.