7Leases and licences

#### 7 Leases and licences (1) The Presiding Officers may, on behalf of the Commonwealth: (a) grant leases and licences in respect of property in the precincts to be used for commercial purposes; and (b) exercise any rights of the Commonwealth in respect of such leases and licences. (2) Leases and licences shall be on such terms and conditions, and subject to payment of such consideration, as the Presiding Officers think fit. (3) This section has effect notwithstanding anything to the contrary in any law of the Australian Capital Territory relating to leases. (4) In this section: > precincts does not include any property to which section 5 applies.