268Notice of direct sale

268 Notice of direct sale (1) The territory planning authority must, not later than 10 working days after the end of a quarter, give the Minister— (a) a statement of— (i) the number of single dwelling house leases granted during the quarter; and (ii) any other information prescribed by regulation for single dwelling house leases; and

(b) a statement that sets out the prescribed information for each other direct sale lease granted during the quarter; and (c) a copy of each other direct sale lease granted during the quarter. (2) The Minister must present the documents given under subsection (1) to the Legislative Assembly not later than 5 sitting days after the day the Minister receives the information. (3) To remove any doubt, the validity of a single dwelling house lease or other direct sale lease is not affected by a failure to comply with subsection (1) or (2) in relation to the lease. other direct sale lease means a lease granted by direct sale, other than a single dwelling house lease. prescribed information, for an other direct sale lease, means— (a) the amount (if any) paid for the grant of the lease; and (b) if the lease was granted with the approval of the Executive under section 266 (2)—the reason for granting the lease with the approval of the Executive.