52Minister to lease pre-development Theatre Royal land, or Theatre Royal lot, to Board

52 Minister to lease pre-development Theatre Royal land, or Theatre Royal lot, to Board

(1)  The Minister must lease to the Board the Theatre Royal pre-development land, or the Theatre Royal lot, to enable the Board to use that land or lot –

(a) for the presentation of theatrical performances and performing arts; or

(b) to perform the Board's functions or obligations, or to exercise the Board's powers or rights, under this Act or the Theatre Royal Management Act 1986 .

(2)  A lease referred toin subsection (1) is to be on the terms and conditions determined by the Minister and specified in the lease.

(3)  If the Minister leases to the Board the Theatre Royal pre-development landbefore the commencement day, the lease is taken to be a lease referred to in subsection (1) on and after the commencement day.

(4)  The Minister may from time to time vary a lease referred to in subsection (1) if he or she is of the opinion that it is necessary or desirable to do so for the purposes of enabling or assisting –

(a) the carrying out of the Development Agreement or a supplementary agreement; or

(b) the Board to perform its functions or obligations, or to exercise the Board's powers or rights, under this Act or the Theatre Royal Management Act 1986 .

(5)  Without limiting the generality of subsection (4) , theMinister may from time to time vary the lease referred to in subsection (1) so that it applies to all or any part of the following:

(a) the Theatre Royal pre-development land;

(b) the Theatre Royal lot;

(c) the pre-development Crown land.