137BConditional purchase lease

137B Conditional purchase lease (1) In this subdivision ***conditional purchase lease*** means a lease under this subdivision. S. 137B(2) amended by Nos 85/2006 s. 173(Sch. 1 item 2.2), 25/2023 s. 7(Sch. 1 item 17.18). (2) The Minister, on behalf of His Majesty, may grant to an applicant a conditional purchase lease of any Crown land which is not within the metropolitan area (as defined in section 137A) where— (a) the lease is for an area of not more than two hectares of land; and (b) the lease is for the purposes of— (i) a dwelling; or (ii) a commercial or industrial purpose of which the Minister approves. (3) The Minister shall not grant a conditional purchase lease to a person who holds, or who has ever held, a conditional purchase lease. S. 137C inserted by No. 10011 s. 12.