306Restrictions on dealings with concessional leases

306 Restrictions on dealings with concessional leases (1) The lessee, or anyone else with an interest in a concessional lease, must not, during the term of the lease, deal with the lease without the written approval of the territory planning authority. (2) A dealing in relation to a lease to which this section applies that is made or entered into without the territory planning authority’s approval has no effect. (3) However, subsection (2) does not apply to a dealing— (a) registered under the Land Titles Act 1925; or (b) made under any of the following orders: Law Act 1975 (Cwlth); division 3.2 (Adjustment of property interests) adjusting the property interests of parties in a domestic relationship; or (c) that happens by operation of, or under, bankruptcy or insolvency; or (d) in any circumstances prescribed by regulation.

Division 10.5.2 Restrictions on dealings with concessional leases