sec.504Changing tenures of port lands

### sec.504 Changing tenures of port lands The Governor in Council, by order in council, may approve that all or part of land owned, vested in, leased or managed by a port authority or port lessor and surrendered to the State be dedicated or reallocated, without competition, to the port authority or port lessor or another body in the way stated in the order in council. An order in council under subsection (1) may set the rent for a lease of the land. Without limiting subsection (1A) , rent set under this section may be set at zero dollars in total or for a rental period. A rent and instalment regulation does not apply to the lease until the order in council ceases to apply to it. The port authority, port lessor or other body and the State must take all necessary action to fulfil the changes approved in the order in council. All interests over the land at the time of the surrender continue until the interest ends and are not affected by the change of tenure, even though the interests may not be interests that would be granted or issued under this Act. Registration fees are not payable for a change of tenure under this section. An order in council under this section is not subordinate legislation. s 504 amd 2001 No. 33 s 17 ; 2001 No. 71 s 551 sch 1 ; 2010 No. 19 s 47 ; 2014 No. 29 s 96 (sec.504-ssec.1) The Governor in Council, by order in council, may approve that all or part of land owned, vested in, leased or managed by a port authority or port lessor and surrendered to the State be dedicated or reallocated, without competition, to the port authority or port lessor or another body in the way stated in the order in council. (sec.504-ssec.1A) An order in council under subsection (1) may set the rent for a lease of the land. (sec.504-ssec.1B) Without limiting subsection (1A) , rent set under this section may be set at zero dollars in total or for a rental period. (sec.504-ssec.1C) A rent and instalment regulation does not apply to the lease until the order in council ceases to apply to it. (sec.504-ssec.2) The port authority, port lessor or other body and the State must take all necessary action to fulfil the changes approved in the order in council. (sec.504-ssec.3) All interests over the land at the time of the surrender continue until the interest ends and are not affected by the change of tenure, even though the interests may not be interests that would be granted or issued under this Act. (sec.504-ssec.4) Registration fees are not payable for a change of tenure under this section. (sec.504-ssec.5) An order in council under this section is not subordinate legislation.