sec.18Exchanging land

### sec.18 Exchanging land The Governor in Council, by agreement with a registered owner, may grant unallocated State land in exchange for all or part of the freehold land. A deed of grant issued because of an exchange of land is issued under section 358 . The Governor in Council, by agreement with a lessee of a freeholding lease, may grant a freeholding lease over unallocated State land in exchange for all or part of the freeholding lease. A freeholding lease amended because of an exchange of land is amended under section 360 (1) (f) . The Minister, by agreement with a lessee of a term lease, other than a State lease, or a perpetual lease, may lease unallocated State land for a term of years or in perpetuity in exchange for all or part of the lease. A term or perpetual lease amended because of an exchange of land is amended under section 360A (3) (c) . A power under this section may be exercised only if the State’s equity in land would not be reduced. If a registered owner or lessee asks for an agreement to be made under this section, the request must be accompanied by the fee prescribed under a regulation. s 18 amd 2007 No. 57 s 14 sub 2007 No. 19 s 16 (amd 2007 No. 57 s 17 ) amd 2010 No. 12 s 100 (sec.18-ssec.1) The Governor in Council, by agreement with a registered owner, may grant unallocated State land in exchange for all or part of the freehold land. A deed of grant issued because of an exchange of land is issued under section 358 . (sec.18-ssec.2) The Governor in Council, by agreement with a lessee of a freeholding lease, may grant a freeholding lease over unallocated State land in exchange for all or part of the freeholding lease. A freeholding lease amended because of an exchange of land is amended under section 360 (1) (f) . (sec.18-ssec.3) The Minister, by agreement with a lessee of a term lease, other than a State lease, or a perpetual lease, may lease unallocated State land for a term of years or in perpetuity in exchange for all or part of the lease. A term or perpetual lease amended because of an exchange of land is amended under section 360A (3) (c) . (sec.18-ssec.4) A power under this section may be exercised only if the State’s equity in land would not be reduced. (sec.18-ssec.5) If a registered owner or lessee asks for an agreement to be made under this section, the request must be accompanied by the fee prescribed under a regulation.