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LAND ADMINISTRATION ACT 1997 - SECT 189

LAND ADMINISTRATION ACT 1997 - SECT 189

189 .         Interest in land less than fee simple not required for public work, landowner to get option to purchase

        (1)         If an interest in land less than the fee simple has been designated for a public work, and the Minister is satisfied that the interest is not required for the public work, the holding authority must notify the holder of the fee simple and grant the holder an option to purchase the interest.

        (2)         The purchase price under the option is to be the current market value of the interest as determined by the holding authority on the advice of the Valuer-General.