QLDIn ForceAct
Land Act 1994
sec.170Purchase price if deed of grant offered
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### sec.170 Purchase price if deed of grant offered
Unless a price or formula has already been stated in the lease to be converted, the purchase price is the amount decided by the chief executive in the way prescribed by regulation.
Without limiting subsection (1) , the regulation must provide for the purchase price to include the market value of any commercial timber that is the property of the State on the lease land, other than forest products the subject of a forest consent agreement.
s 170 amd 2007 No. 19 s 82 ; 2014 No. 29 s 51 ; 2014 No. 45 s 60A
(sec.170-ssec.1) Unless a price or formula has already been stated in the lease to be converted, the purchase price is the amount decided by the chief executive in the way prescribed by regulation.
(sec.170-ssec.3) Without limiting subsection (1) , the regulation must provide for the purchase price to include the market value of any commercial timber that is the property of the State on the lease land, other than forest products the subject of a forest consent agreement.