LAND ADMINISTRATION ACT 1997 - SECT 88

LAND ADMINISTRATION ACT 1997 - SECT 88

88 .         Option to purchase or lease Crown land, grant of

        (1)         The Minister may —

            (a)         grant an option to purchase the fee simple in, or lease, any Crown land; and

            (b)         fix the consideration to be paid for any such option; and

            (c)         impose conditions on the exercise of any such option.

        (2)         A purchaser or lessee under an option granted under subsection (1) may, with the permission of the Minister, offset the whole or any portion of the relevant consideration fixed under that subsection against the purchase price or rent payable in respect of the land concerned.