281Approval to transfer, assign, or part with possession

281 Approval to transfer, assign, or part with possession (1) The territory planning authority must not approve a dealing under this section in relation to a lease unless— (a) satisfied that the person to whom it is proposed that the lease should be assigned or transferred or the person to whom it is proposed that possession of the land should be given, is a person who satisfies the criteria prescribed under section 266 in relation to the class of leases in which the lease is included; or

(b) if the lease was originally granted by restricted auction, tender or ballot—satisfied that the person to whom it is proposed that the lease should be assigned or transferred or the person to whom it is proposed that possession of the land should be given, is a person who could have been granted the original lease. (2) The validity of a dealing made or entered into with the territory planning authority’s written approval is not affected—