sec.49Application of Land Act 1994

### sec.49 Application of Land Act 1994 State land is held and may be disposed of under the Land Act 1994 . However, the university may grant an interest in State land only by way of lease. Despite the Land Act 1994 , a trustee lease or sublease for land under that Act that is subject to an operational reserve may be for up to 100 years. Subsection (5) applies if the purpose for which a reserve was dedicated under the Land Act 1994 includes a reference to— ‘educational institution’; or ‘university’. The purpose is taken to include anything that is consistent with the university’s functions under section 5 . Subsections (4) and (5) apply whether the reserve was dedicated before or after the commencement of this section. In this section— operational reserve see the Land Act 1994 , schedule 6 . s 49 amd 2011 No. 39 s 4 (sec.49-ssec.1) State land is held and may be disposed of under the Land Act 1994 . (sec.49-ssec.2) However, the university may grant an interest in State land only by way of lease. (sec.49-ssec.3) Despite the Land Act 1994 , a trustee lease or sublease for land under that Act that is subject to an operational reserve may be for up to 100 years. (sec.49-ssec.4) Subsection (5) applies if the purpose for which a reserve was dedicated under the Land Act 1994 includes a reference to— ‘educational institution’; or ‘university’. (sec.49-ssec.5) The purpose is taken to include anything that is consistent with the university’s functions under section 5 . (sec.49-ssec.6) Subsections (4) and (5) apply whether the reserve was dedicated before or after the commencement of this section. (sec.49-ssec.7) In this section— operational reserve see the Land Act 1994 , schedule 6 . - (a) ‘educational institution’; or - (b) ‘university’.