111Leases of stock watering places

#### 111 Leases of stock watering places 111 Leases of stock watering places > > (1) The controlling authority of a stock watering place may, following auction, public tender or other means approved by Local Land Services, grant a lease of the watering place. > > > (2) The controlling authority must not grant a lease of a stock watering place for a period (including any period for which the lease could be extended or renewed by the exercise of an option) exceeding the period prescribed by the regulations. > > > (3) A lease of a stock watering place may, with the approval of the controlling authority of that place, be transferred to another person.