South Australian Consolidated Acts South Australian Consolidated Acts33—Number of holdings may be limited
(1) The Minister may,
by the statement mentioned in section 29 hereof, specify the maximum
number of town allotments in any township which may be held, whether on
freehold or leasehold tenure, by any person, or by any person for any
particular purpose or purposes, whether in his own name or in the name of any
other person, or partly in one way and partly in the other, or either by
himself or conjointly with any other person: Provided that—
(a)
whether such number is so specified by the Minister or not, such number shall
not exceed, in the case of allotments leased for residential purposes, three,
or in the case of allotments leased for any other purpose, four; and
(b) with
the consent in writing of the Minister previously obtained, allotments in
excess of such maximum number may be held by or on behalf of any one person.
(2) If it is shown to
the satisfaction of the Minister that perpetual leases of more than the
maximum number have been purchased by or on behalf of any person, the Minister
may, by notice in the Government Gazette, cancel the sale of all or any of the
perpetual leases purchased by or on behalf of that person, whereupon the sale
of those leases shall become absolutely void, and the leases shall be
forfeited to the Crown.