sec.9Deciding purchase price for particular purposes— Act , ss 109C , 122 , 123A and 170

sec.9 Deciding purchase price for particular purposes— Act , ss 109C , 122 , 123A and 170

This section prescribes— for section 109C (4) of the Act , the way the Minister must decide the purchase price for a closed road for amalgamation with adjoining land; and for section 122 (3) of the Act , the way the Minister must decide the purchase price for granting unallocated State land under section 122 (2) (b) of the Act ; and For the purchase price for granting unallocated State land under section 122 (1) or (2) (a) of the Act , see section 18 . for section 123A (3) (b) of the Act , the way the Minister must decide the purchase price for land granted under section 123A (2) of the Act ; and for section 170 (1) of the Act , the way the chief executive must, for converting a lease, decide the purchase price for land granted or leased in relation to a conversion offer. The purchase price for the land is an amount equal to the total of— the value of the land under subsection (3) ; and for a forest entitlement area on which there is commercial timber being bought by the lessee or registered owner—the value of the commercial timber worked out under section 14 ; and for land, other than land mentioned in paragraph (b) , on which there is commercial timber—the value of the commercial timber worked out under section 15 ; and for land to be amalgamated, under section 109 (2) (b) of the Act , with land for which there is no reservation of quarry material to the State—the value of any quarry material in the land worked out under section 16 ; and for land to be amalgamated, by way of a deed of grant under section 122 (2) (b) of the Act , with land for which there is no reservation of quarry material to the State—the value of any quarry material in the land worked out under section 16 . For subsection (2) (a) , the value of the land is— for land that is lease land subject to a category 11.1 or 11.2 lease—the net present value of the land worked out under section 10 ; or for other land—the unimproved value of the land, as if it were fee simple, worked out under section 13 . s 9 amd 2023 Act No. 2 s 41 ; 2024 Act No. 12 s 76 (sec.9-ssec.1) This section prescribes— for section 109C (4) of the Act , the way the Minister must decide the purchase price for a closed road for amalgamation with adjoining land; and for section 122 (3) of the Act , the way the Minister must decide the purchase price for granting unallocated State land under section 122 (2) (b) of the Act ; and For the purchase price for granting unallocated State land under section 122 (1) or (2) (a) of the Act , see section 18 . for section 123A (3) (b) of the Act , the way the Minister must decide the purchase price for land granted under section 123A (2) of the Act ; and for section 170 (1) of the Act , the way the chief executive must, for converting a lease, decide the purchase price for land granted or leased in relation to a conversion offer. (sec.9-ssec.2) The purchase price for the land is an amount equal to the total of— the value of the land under subsection (3) ; and for a forest entitlement area on which there is commercial timber being bought by the lessee or registered owner—the value of the commercial timber worked out under section 14 ; and for land, other than land mentioned in paragraph (b) , on which there is commercial timber—the value of the commercial timber worked out under section 15 ; and for land to be amalgamated, under section 109 (2) (b) of the Act , with land for which there is no reservation of quarry material to the State—the value of any quarry material in the land worked out under section 16 ; and for land to be amalgamated, by way of a deed of grant under section 122 (2) (b) of the Act , with land for which there is no reservation of quarry material to the State—the value of any quarry material in the land worked out under section 16 . (sec.9-ssec.3) For subsection (2) (a) , the value of the land is— for land that is lease land subject to a category 11.1 or 11.2 lease—the net present value of the land worked out under section 10 ; or for other land—the unimproved value of the land, as if it were fee simple, worked out under section 13 .