Victorian Consolidated Legislation

Forests Act 1958 - SECT 54

Lease etc. with respect to timber to contain condition as to insurance against loss by fire

54. Lease etc. with respect to timber to contain condition as to insurance
against loss by fire

Every lease of any area for saw-milling purposes and every licence or permit
to occupy a special area for the exclusive cutting of timber or to thin out
and remove trees or to cut and take away timber may contain a covenant or
condition in the prescribed form to insure in the name of the Secretary, when
required by the Secretary, against loss by fire or otherwise any timber upon
which on the removal thereof from a State forest any royalties dues or charges
may be payable to the Secretary, and the amount of such insurance shall be at
least sufficient to cover the royalties dues and charges estimated by the
Secretary to be so payable on such timber.