58Power of perpetual lessee to surrender lease

58 Power of perpetual lessee to surrender lease S. 58(1) amended by No. 25/2023 s. 7(Sch. 1 item 17.12). (1) Any perpetual lessee who has selected land on which no arrears of rent are due may in writing apply at any time for permission to surrender the lessee's lease to His Majesty. S. 58(2) amended by Nos 7228 s. 7(Sch. 4 Pt 19(k)), 96/1994 s. 31(b). (2) If the Minister is satisfied that the applicant holds the allotment bona fide for his sole use and benefit and that such surrender is approved of in writing by any mortgagee or lienee of such lease the Governor in Council may if he thinks fit accept such surrender and on payment of such fee as may be prescribed issue to such applicant a selection purchase lease (residential or non-residential) for such allotment. s. 59. S. 59 amended by No. 7228 s. 7(Sch. 4 Pt 19(k)).