sec.489Amalgamating or subdividing existing leases

### sec.489 Amalgamating or subdividing existing leases If 2 leases of the same type issued under the repealed Act are amalgamated, the new lease is taken to be an existing lease of the same type unless otherwise agreed by the lessee and the Minister. If a lease issued under the repealed Act is subdivided, the new lease is taken to be an existing lease of the same type unless otherwise agreed by the lessee and the Minister. The following leases can not be subdivided— an auction perpetual lease that is a perpetual country, suburban or town lease issued under the repealed Act, part 7 , division 2 ; a perpetual lease selection issued under the repealed Act, part 4 , division 2 ; an agricultural farm issued before 31 December 1991 under the repealed Act, part 4 , division 1 ; a freeholding lease that has less than the amount prescribed under the regulations to be paid before the deed of grant may issue. (sec.489-ssec.1) If 2 leases of the same type issued under the repealed Act are amalgamated, the new lease is taken to be an existing lease of the same type unless otherwise agreed by the lessee and the Minister. (sec.489-ssec.2) If a lease issued under the repealed Act is subdivided, the new lease is taken to be an existing lease of the same type unless otherwise agreed by the lessee and the Minister. (sec.489-ssec.3) The following leases can not be subdivided— an auction perpetual lease that is a perpetual country, suburban or town lease issued under the repealed Act, part 7 , division 2 ; a perpetual lease selection issued under the repealed Act, part 4 , division 2 ; an agricultural farm issued before 31 December 1991 under the repealed Act, part 4 , division 1 ; a freeholding lease that has less than the amount prescribed under the regulations to be paid before the deed of grant may issue. - (a) an auction perpetual lease that is a perpetual country, suburban or town lease issued under the repealed Act, part 7 , division 2 ; - (b) a perpetual lease selection issued under the repealed Act, part 4 , division 2 ; - (c) an agricultural farm issued before 31 December 1991 under the repealed Act, part 4 , division 1 ; - (d) a freeholding lease that has less than the amount prescribed under the regulations to be paid before the deed of grant may issue.