sec.288Restrictions on dealing in property

### sec.288 Restrictions on dealing in property A port authority must not, without the Minister’s written approval— dispose of freehold land; or enter into a lease, licence or another form of tenure of its strategic port land, or its port facilities, for longer than 25 years (including any renewal option). Also, a wholly owned subsidiary of a GOC port authority must not, without the Minister’s approval— dispose of freehold land; or enter into a lease, licence or another form of tenure of its facilities or land that are a port authority’s port facilities, for longer than 25 years (including any renewal option). An approval may be subject to conditions. A purported dealing in land or port facilities contrary to this section has no effect. s 288 ins 1994 No. 32 s 5 amd 2008 No. 67 s 290 (sec.288-ssec.1) A port authority must not, without the Minister’s written approval— dispose of freehold land; or enter into a lease, licence or another form of tenure of its strategic port land, or its port facilities, for longer than 25 years (including any renewal option). (sec.288-ssec.2) Also, a wholly owned subsidiary of a GOC port authority must not, without the Minister’s approval— dispose of freehold land; or enter into a lease, licence or another form of tenure of its facilities or land that are a port authority’s port facilities, for longer than 25 years (including any renewal option). (sec.288-ssec.3) An approval may be subject to conditions. (sec.288-ssec.4) A purported dealing in land or port facilities contrary to this section has no effect. - (a) dispose of freehold land; or - (b) enter into a lease, licence or another form of tenure of its strategic port land, or its port facilities, for longer than 25 years (including any renewal option). - (a) dispose of freehold land; or - (b) enter into a lease, licence or another form of tenure of its facilities or land that are a port authority’s port facilities, for longer than 25 years (including any renewal option).