20ABLeases and licences with term of 35 years or more

20AB Leases and licences with term of 35 years or more

20AB Leases and licences with term of 35 years or more

(1) The Trust must not grant a lease or licence with a term of 35 years or more over Trust lands unless the requirements of this section are met.

(2) The Trust must prepare a draft written statement (a draft statement of reasons) that sets out how the proposed lease or licence is consistent with the objects of the Trust set out in section 7.

(3) The Trust must—

(a) make the draft statement of reasons publicly available for a period of at least 7 days, and

(b) ensure the draft statement of reasons is accompanied by an outline of the following—

(i) details of the lessee or licensee and the land the subject of the proposed lease or licence,

(ii) the period of the proposed lease or licence,

(iii) the uses of the land permitted by the proposed lease or licence, and

(c) invite the public to provide comments about the proposed lease or licence within 7 days after the draft statement of reasons is made publicly available.

(4) Without limiting subsection (3)(a), the Trust may make the draft statement of reasons publicly available by publishing the statement on—

(a) the Trust’s website, or

(b) a website used by the Department of Planning, Housing and Infrastructure.

(5) After considering any comments received under subsection (3)(c), the Trust must finalise the statement of reasons, including by providing in the statement an outline of—

(a) the consultation undertaken, and

(b) the comments, if any.

(6) The Trust must give the statement of reasons to the Minister when seeking the Minister’s approval under section 20(3A) for the lease or licence to which the statement relates.

s 20AB: Ins 2024 No 86, Sch 1[4].