Section sec.162 - Land Act 1994 - Issuing of new lease

sec.162Issuing of new lease

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### sec.162 Issuing of new lease On acceptance of the offer, the Minister may issue a lease (the new lease ) in accordance with the terms of the accepted offer. See section 403T for requirements for acceptance of offers. The new lease must be issued for the same purpose as the lease (the old lease ) being renewed. For working out the purpose of the old lease, the Minister may have regard to its rental category and conditions. Additional unallocated State land may be included in the new lease, if chapter 4 , part 1 , division 2 is complied with. Chapter 4 , part 1 , division 2 is about interests available in land without competition. The new lease is issued subject to all relevant registered interests to which the old lease was subject, and in the same priorities. On the registration of the new lease, the old lease is taken to have been wholly surrendered. The surrender must be registered. s 162 sub 2007 No. 19 s 75 amd 2010 No. 12 s 115 ; 2013 No. 23 s 352 sch 1 pt 1 ; 2014 No. 29 s 44 ; 2020 No. 9 s 19 ; 2023 No. 2 s 108 sch 1 (sec.162-ssec.1) On acceptance of the offer, the Minister may issue a lease (the new lease ) in accordance with the terms of the accepted offer. See section 403T for requirements for acceptance of offers. (sec.162-ssec.2) The new lease must be issued for the same purpose as the lease (the old lease ) being renewed. (sec.162-ssec.3) For working out the purpose of the old lease, the Minister may have regard to its rental category and conditions. (sec.162-ssec.4) Additional unallocated State land may be included in the new lease, if chapter 4 , part 1 , division 2 is complied with. Chapter 4 , part 1 , division 2 is about interests available in land without competition. (sec.162-ssec.5) The new lease is issued subject to all relevant registered interests to which the old lease was subject, and in the same priorities. (sec.162-ssec.6) On the registration of the new lease, the old lease is taken to have been wholly surrendered. (sec.162-ssec.7) The surrender must be registered.