sec.176GIssuing of new leases

### sec.176G Issuing of new leases On acceptance of the subdivision offer— any plan of subdivision required under a condition of the offer to be lodged must be registered; and the designated person may issue the new leases in accordance with the terms of the accepted offer. See— section 403T for requirements for acceptance of offers; and section 153 for a requirement for a lease to state its purpose. The new leases are issued subject to all relevant registered interests to which the existing lease was subject with the same priorities. On registration of the new leases, the existing lease is taken to have been wholly surrendered. The surrender must be registered. s 176G ins 2007 No. 19 s 87 amd 2023 No. 2 s 108 sch 1 (sec.176G-ssec.1) On acceptance of the subdivision offer— any plan of subdivision required under a condition of the offer to be lodged must be registered; and the designated person may issue the new leases in accordance with the terms of the accepted offer. See— section 403T for requirements for acceptance of offers; and section 153 for a requirement for a lease to state its purpose. (sec.176G-ssec.2) The new leases are issued subject to all relevant registered interests to which the existing lease was subject with the same priorities. (sec.176G-ssec.3) On registration of the new leases, the existing lease is taken to have been wholly surrendered. (sec.176G-ssec.4) The surrender must be registered. - (a) any plan of subdivision required under a condition of the offer to be lodged must be registered; and - (b) the designated person may issue the new leases in accordance with the terms of the accepted offer. - (a) section 403T for requirements for acceptance of offers; and - (b) section 153 for a requirement for a lease to state its purpose.