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PASTORAL LAND MANAGEMENT AND CONSERVATION ACT 1989 - SECT 24

PASTORAL LAND MANAGEMENT AND CONSERVATION ACT 1989 - SECT 24

24—Term of pastoral leases

        (1)         Subject to subsection (2), a pastoral lease will be granted for a term of 42 years.

        (2)         Where a lessee surrenders two or more pastoral leases for the purposes of merger of the leases, the term of the lease to be granted to the lessee will be such term as the Board, having regard to the terms of the surrendered leases, thinks appropriate.