LAND ADMINISTRATION ACT 1997 - SECT 140

LAND ADMINISTRATION ACT 1997 - SECT 140

140 .         Renewal of lease, request by lessee for offer of etc.

        (1)         At any time during the period of 12 months before the date 10 years before the expiry of a pastoral lease, the lessee may apply in writing to the Minister requesting an offer of a renewal of the lease under this section.

        (2)         On receiving such an application, the Minister is to request the written advice of the Board on whether the lessee should be offered a renewal of the lease, or a grant of a lease over part of the land under the existing lease.

        (3)         The Minister must, not later than 8 years before the expiry of the lease, determine that —

            (a)         the lessee is not to be offered a renewal or grant, and notify the lessee accordingly; or

            (b)         determine that the lessee is to be offered a renewal of the lease, on specified conditions, and make an offer to the lessee accordingly; or

            (c)         determine that the lessee is to be offered the grant of a lease over part only of the land under the present lease, on specified conditions, and make an offer to the lessee accordingly.

        (4)         A renewal or grant offered under this section commences immediately upon the expiration of the lease concerned.

        (5)         The lessee, or the successor in title to the lessee, may accept an offer at any time within one year after the date that the offer is made.

        (6)         The regulations may provide that specified pastoral leases will not be renewed.