45Surrender of land for reservation as a sanctuary

45 Surrender of land for reservation as a sanctuary (1) A lessee under a lease granted under this Act may offer to surrender the lease, or a part of the land included in the lease, in order that the land the subject of the offer may be declared to be a sanctuary under the Territory Parks and Wildlife Conservation Act 1996. (2) An offer to surrender made under subsection (1) shall be referred to the Minister, who may accept or reject it. Crown Lands Act 1992 24 (3) Notwithstanding any other law of the Territory, a surrender offered and accepted under this section shall: (a) be effective from the date of the acceptance of the surrender by the Minister; and (b) not confer a right to compensation on the lessee who has surrendered the land. (4) Where the Minister accepts an offer to surrender made under this section, the Minister responsible for the administration of the Territory Parks and Wildlife Conservation Act 1996 shall declare the land in respect of which the surrender is accepted to be a sanctuary under that Act.