106Tenure bonds—the Act, ss 57 and 206(2)(a)

106 Tenure bonds—the Act, ss 57 and 206(2)(a)

106 Tenure bonds—the Act, ss 57 and 206(2)(a)

(1) A government agency or other public authority that grants short tenure of Crown land must notify Local Land Services as soon as practicable after granting the tenure.

(2) The grantee must, within 14 days after the tenure commences, give Local Land Services notice in the approved form, accompanied by a tenure bond.

Maximum penalty—20 penalty units.

(3) The tenure bond must be for the reasonable amount determined by Local Land Services.

(4) At the end of the tenure, Local Land Services—

(a) may take money from the tenure bond for unpaid rates, charges and other amounts owed to Local Land Services by the grantee for the relevant Crown land, and

(b) must refund the balance to the grantee.

(5) In this section—

grantee means a person granted short tenure of Crown land.

short tenure, of Crown land, means—

(a) a lease of the land from the Crown for a term of no more than 3 years, or

(b) a licence for the land from the Crown.

tenure bond means a bond paid to secure Local Land Services against a failure of a grantee to pay rates, charges and other amounts owed to Local Land Services for the relevant Crown land.