Land Regulation 2020
sec.88Minimum instalments— Act , ss 457 , 462 and 466
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sec.88 Minimum instalments— Act , ss 457 , 462 and 466
This section prescribes— for section 457 (1) (e) of the Act —the minimum instalments for a pre-Wolfe freeholding lease; and for section 462 (1) (d) of the Act —the minimum instalments for a post-Wolfe freeholding lease; and for section 466 (1) (d) of the Act —the minimum instalments for a grazing homestead freeholding lease. The minimum instalments are— for a residential lease—379 fee units; or for another lease— for instalments that pay out the purchase price of the land—940 fee units; and for instalments that pay out the purchase price of commercial timber on the land—940 fee units. s 88 amd 2020 SL No. 107 s 26 ; 2021 SL No. 48 s 20 ; 2022 SL No. 47 s 17 (sec.88-ssec.1) This section prescribes— for section 457 (1) (e) of the Act —the minimum instalments for a pre-Wolfe freeholding lease; and for section 462 (1) (d) of the Act —the minimum instalments for a post-Wolfe freeholding lease; and for section 466 (1) (d) of the Act —the minimum instalments for a grazing homestead freeholding lease. (sec.88-ssec.2) The minimum instalments are— for a residential lease—379 fee units; or for another lease— for instalments that pay out the purchase price of the land—940 fee units; and for instalments that pay out the purchase price of commercial timber on the land—940 fee units.
- (a) for section 457 (1) (e) of the Act —the minimum instalments for a pre-Wolfe freeholding lease; and
- (b) for section 462 (1) (d) of the Act —the minimum instalments for a post-Wolfe freeholding lease; and
- (c) for section 466 (1) (d) of the Act —the minimum instalments for a grazing homestead freeholding lease.
- (a) for a residential lease—379 fee units; or
- (b) for another lease— (i) for instalments that pay out the purchase price of the land—940 fee units; and (ii) for instalments that pay out the purchase price of commercial timber on the land—940 fee units.
- (i) for instalments that pay out the purchase price of the land—940 fee units; and
- (ii) for instalments that pay out the purchase price of commercial timber on the land—940 fee units.
- (i) for instalments that pay out the purchase price of the land—940 fee units; and
- (ii) for instalments that pay out the purchase price of commercial timber on the land—940 fee units.