LAND ADMINISTRATION ACT 1997 - SECT 74

LAND ADMINISTRATION ACT 1997 - SECT 74

74 .         Minister’s powers as to sale of Crown land

        (1)         The Minister may sell Crown land and may, without limiting the generality of that power —

            (a)         invite expressions of interest in Crown land; and

            (b)         invite public tenders for the purchase of Crown land; and

            (c)         offer for sale or re-offer for sale Crown land at any time; and

            (d)         withdraw Crown land from offer for sale at any time before acceptance of that offer; and

            (e)         lodge positive covenants or restrictive covenants or memorials concerning the performance of conditions of sale of Crown land; and

            (f)         sell Crown land by public auction, public tender or private treaty; and

            (g)         sell Crown land subject to easements or reservations; and

            (h)         sell Crown land by way of terms contracts requiring instalment payments.

        (2)         Subject to this Part, the Minister may in relation to Crown land —

            (a)         determine, and alter at any time before sale, conditions and covenants on title, prices, reserve prices, terms, conditions, interest rates and penalty interest rates; and

            (b)         require a performance bond in respect of any such sale; and

            (c)         select by ballot successful applicants for the purchase of Crown land; and

            (d)         pay a commission to a person acting on behalf of the Minister in the sale of Crown land.

        (3)         The Minister is not obliged to disclose any reserve price determined in relation to Crown land under subsection (2).