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TRADITIONAL OWNER SETTLEMENT ACT 2010 - SECT 15 Reservations, exceptions and conditions which may be imposed on grant

TRADITIONAL OWNER SETTLEMENT ACT 2010 - SECT 15

Reservations, exceptions and conditions which may be imposed on grant

    The conditions that a land agreement may specify as conditions to which the grant of an estate in fee simple in land under section 14 may be subject are the following—

        (a)     the condition that the estate and any legal or equitable interest in the estate is not able to be sold, transferred, disposed of, encumbered or otherwise dealt with;

        (b)     the condition that, subject to this Act, the leasing or licensing of an estate or of any legal or equitable interest in the estate is prohibited or is restricted as specified in the limitation;

        (c)     the condition that the estate is to be held by the traditional owner group entity on trust for the traditional owner group.