302Lodging notice of decision about concessional status of

302 Lodging notice of decision about concessional status of (1) This section applies if the territory planning authority decides, or is taken to have decided, under this division that a lease— (a) is not a concessional lease; or (b) is a concessional lease and— (i) no application is made to the ACAT for review of the decision within the time allowed for applications; or (ii) an application for review of the decision is made and the ACAT— (A) confirms the lease is a concessional lease; or (B) remits the matter for reconsideration by the territory planning authority and the authority decides that the lease is a concessional lease.

(2) The territory planning authority must lodge a notice with the registrar-general for registration under the Land Titles Act 1925 (a) if the authority decides that the lease is a concessional lease— the lease is concessional; or (b) if the authority decides that the lease is not a concessional lease—the lease is a market value lease. Note The registrar-general must register an instrument lodged in registrable form (see Land Titles Act 1925, s 48 (1)).