352Power to add interest to price of land

352 Power to add interest to price of land

S. 352(1) amended by No. 9805 s. 5(a)–(d).

(1) Notwithstanding anything contained in this Act, after the value of any land selected or taken up under a lease containing conditions for payment of purchase money by means of instalments extending over any term has been determined the Minister may direct that a condition be inserted in the lease providing that until the final instalment of purchase money is paid to the Crown, interest at such rate as is determined from time to time by the Minister shall be charged to and paid by the lessee on such portion of the rent or purchase money as for the time being remains unpaid.

S. 352(2) amended by No. 8461 s. 60.

(2) This section shall only apply to land classified at a higher value than $15 per hectare.

S. 352(3) repealed by No. 9798 s. 2(1).

No. 3709 s. 308.

353 Exemption of portion of certain half-yearly payments of rent if portion of mountainous land under clean grass or cultivation

S. 353(1) amended by No. 7228 s. 7(Sch. 4 Pt 19(lc)).

(1) If on or before the due date of any half-yearly payment of rent a lessee or selection purchase lessee of any Crown land (except land acquired and taken by or for the Crown by purchase or otherwise) situate in the parishes set forth in the Fourteenth Schedule to this Act (which land is hereinafter referred to as "mountainous land") makes application to the Minister for the exemption provided for in this section and proves to the satisfaction of the Minister that he has reduced an area of not less than one-tenth of such land to clean grass or cultivation he may be granted an exemption from the payment of such a proportionate part as the Minister thinks fit of the next ensuing two half-yearly payments of rent in respect of the portion of the land which in the opinion of the Minister has been reduced to clean grass or cultivation.

S. 353(2) amended by No. 7228 s. 7(Sch. 4 Pt 19(lc)).

(2) Upon any renewed application from time to time by the said lessee or selection purchase lessee in respect of the said portion or any additional portion on or before the due date of any half-yearly payment of rent he may, on satisfying the Minister that the said first-mentioned portion continues to be properly grassed or cultivated and that the additional portion (if any) of the area of such land has been reduced to clean grass or cultivation, be granted a proportionate exemption from the payment of the next ensuing two half‑yearly payments of rent in respect of the said first‑mentioned portion and additional portion (if any) reduced in the opinion of the Minister to clean grass or cultivation.

S. 353(3) amended by No. 7228 s. 7(Sch. 4 Pt 19(lc)).