Victorian Consolidated Legislation

Emerald Tourist Railway Act 1977 - SECT 41A

Grants of leases for up to 50 years

41A. Grants of leases for up to 50 years



(1) This section and section 41B have effect despite anything to the contrary
in the Land Act 1958 or the Crown Land (Reserves) Act 1978.

(2) The Board must not grant a lease under section 41(1)(a) for a period
exceeding 21 years unless the Minister, in writing to the Board, has approved
the granting of the lease.

(3) A lease granted under section 41(1)(a) for a period exceeding 21 years
must not be for a period exceeding 50 years.

(4) A lease granted under section 41(1)(a) for a period exceeding 21 years-

   (a)  may contain provision for the period of the lease to be extended one
        or more times, but the aggregate of the initial period and any
        extensions must not exceed 50 years; and

   (b)  may contain provision for a lessee to remain in occupation of the land
        under the same terms and conditions as existed under the lease, at the
        discretion of the lessor, for a period of not more than 3 months from
        the expiry of the lease; and

   (c)  is subject to any covenants, exceptions, reservations and conditions
        that are determined by the Board and approved in writing by the
        Minister.