19Payment of lease variation charge

19 Payment of lease variation charge

When lease variation charge must be paid (1) A lease variation charge must be paid: (a) no later than 60 days after the notice of the Minister’s decision specifying the charge has been given to the lessee under subsection 17(9); or (b) if a later day is specified in the Minister’s decision—by that later day. Lapse of lease variation approval (2) An approval of a variation of lease under section 17 lapses if the amount of the lease variation charge that has been determined by the Minister as payable for the variation is not paid by the day it is due to be paid. No variation until lease variation charge paid (3) The Minister must not execute an instrument that gives effect to a variation of lease in relation to an approval by the Minister under section 17 unless the lessee has paid the lease variation charge for the variation.