6Power to lease land

6 Power to lease land

6 Power to lease land

(1) The trustees may, for any purpose of or connected with the hospital, from time to time lease any portion of the land described in the First or Second Schedule or acquired at any time by the trustees for a term not exceeding 40 years.

(a), (b) (Repealed)

(2) The trustees may give to the lessee of any lease under subsection (1) an option of renewal if the aggregate duration of the lease and any such renewal does not exceed the maximum term for which the lease might have been granted to the lessee under that subsection.

(3) Where land is not immediately required for use for any purpose of or connected with the hospital, the trustees may lease the land under subsection (1) for any other use.

(4) The trustees are not required to obtain a fair market rental for a lease under subsection (1) to—

(a) a public or local authority constituted by or under an Act, or

(b) a university established or recognised under an Act of this State or another State or Territory or the Commonwealth, or

(c) a registered entity within the meaning of the Australian Charities and Not-for-profits Commission Act 2012 of the Commonwealth.

s 6: Ins 1982 No 18, Sch 1 (3). Am 2020 No 32, Sch 8[2]–[4].