101Rent

101 Rent

(1)  A lessee must pay an annual rent to the Crown in respect of a lease at a prescribed rate.

(2)  Subsection (1) does not apply to a lessee who is the owner of land and minerals to which the lease relates.

(3)  [Section 101 Subsection (3) inserted by No. 74 of 2001, s. 25, Applied:30 Oct 2001] Annual rent falls due on 1 July each year.

(4)  [Section 101 Subsection (4) amended by No. 24 of 2013, s. 97, Applied:28 Jun 2013] [Section 101 Subsection (4) inserted by No. 74 of 2001, s. 25, Applied:30 Oct 2001] If the lessee fails to pay the annual rent by 1 January in the following year, or, if a day is prescribed for the purposes of this subsection, by that day, the Registrar is to cancel the lease and, by notice in writing, notify the lessee of the cancellation.

(5)  [Section 101 Subsection (5) inserted by No. 74 of 2001, s. 25, Applied:30 Oct 2001] A lessee may appeal to the Minister within 28 days after receipt of the notice of cancellation.

(6)  [Section 101 Subsection (6) inserted by No. 74 of 2001, s. 25, Applied:30 Oct 2001] The Minister may reinstate the lease if –

(a) an appeal is made within the period specified in subsection (5) ; and

(b) the Minister considers that reinstatement is warranted.