347Amount payable for further leases—rural land

347 Amount payable for further leases—rural land (1) The Minister may make a determination for section 289 (1) (e) (i) or (ii) (Grant of further leases). (2) A determination for section 289 (1) (e) (ii) may provide that the amount payable for the grant of the lease is payable in stated instalments. (3) If the Minister has not made a determination under subsection (1), the amount that is taken to have been determined for a rural lease is the market value of the lease, payable as a lump sum. (4) A determination is a disallowable instrument.