89Deposits

89 Deposits

(1)  A lease may include conditions that –

(a) [Section 89 Subsection (1) amended by No. 61 of 2001, s. 41, Applied:19 Sep 2001] the lessee or a person acting on behalf of a lessee is to –

(i) deposit with the planning authority a specified sum of money; or

(ii) undertake to pay a specified sum; and

(b) the specified sum is to be returned to the lessee on a specified date; and

(c) [Section 89 Subsection (1) amended by No. 17 of 1996, Applied:15 May 1998] the lessee is to provide security for an undertaking made under paragraph (a)(ii) .

(2)  [Section 89 Subsection (2) amended by No. 61 of 2001, s. 41, Applied:19 Sep 2001] Instead of complying with a condition referred to in subsection (1) (a) , (b) or (c) , a lessee or a person acting on behalf of a lessee, with the approval of the Minister, may enter into an arrangement with one or more other lessees to pay a specified sum towards correcting any failure to comply with, or contravention of, any condition of any lease held by those lessees.

(3)  [Section 89 Subsection (3) amended by No. 61 of 2001, s. 41, Applied:19 Sep 2001] The Minister may require a lessee or a person acting on behalf of a lessee to pay a sum in addition to the specified sum if of the opinion that the circumstances have changed sufficiently to justify the additional sum.

(4)  The Minister may apply any sum towards correcting any failure to comply with, or contravention of, any condition of the lease.