27BGrant of licence for forestry business

27B Grant of licence for forestry business s. 27B (1) Without limiting section 20(2), the Corporation may grant a perpetual licence over all or any part of vested land— (a) to establish, maintain and manage timber plantations on that land; and (b) to take or convert forest produce on that land— and to do all other things necessary or convenient to be done for or in connection with, or as incidental to, paragraph (a) or (b). (2) Despite section 22, on the granting of a licence under this section over vested land, forest produce on that vested land becomes the property of the licensee. (3) The Treasurer may give written directions to the Corporation in relation to the granting of a licence under this section. (4) The Corporation must comply with a direction of the Treasurer under this section. (5) A licence may be granted on any terms that are agreed between the Corporation and the person to whom it is granted, including terms setting out the circumstances in which the licence may be cancelled and terms providing for rights of access over the licensed land. (6) The Corporation and a licensee may by agreement vary the terms of a licence. (7) If a licence is cancelled or surrendered under this Act the ownership of the forest produce on the licensed land reverts to the Corporation. S. 27C inserted by No. 35/1998