137 Proposed lessee to give notice of lease arranged No. 3709 privately s. 128. S. 137 Where, under this subdivision, the Minister leases amended by No. 8461 s. 26, Crown land by private negotiation, the proposed substituted by lessee shall, not less than fourteen days before the No. 10011 s. 10. day on which the lease is to be granted, publish in the Government Gazette and in a newspaper circulating in the district in which the land is situated, a notice specifying— (a) the particulars of the land which is to be leased; (b) the purpose and term of the proposed lease; and (c) the name of the proposed lessee. S. 137AA 137AA Term of lease inserted by No. 10011 (1) Subject to this section, the term of a lease granted s. 10. under this subdivision shall not exceed 21 years. (2) The term of a lease granted under this subdivision for commercial or industrial purposes may exceed 21 years but shall not, subject to subsection (3), exceed 50 years. S. 137AA(3) (3) The Minister may grant a lease of land for substituted by commercial or industrial purposes under this No. 40/2009 s. 28(1). subdivision for a term of more than 50 years but not more than 99 years if the Minister is satisfied that— (a) a building or structure erected or to be erected on the land; or (b) an improvement made or to be made on or to the land— is of a substantial nature and of a value which justifies a lease term exceeding 50 years.
No. 3709 s. 128. S. 137 amended by No. 8461 s. 26, substituted by No. 10011 s. 10. 137 Proposed lessee to give notice of lease arranged privately Where, under this subdivision, the Minister leases Crown land by private negotiation, the proposed lessee shall, not less than fourteen days before the day on which the lease is to be granted, publish in the Government Gazette and in a newspaper circulating in the district in which the land is situated, a notice specifying— (a) the particulars of the land which is to be leased; (b) the purpose and term of the proposed lease; and (c) the name of the proposed lessee. S. 137AA inserted by No. 10011 s. 10. 137AA Term of lease (1) Subject to this section, the term of a lease granted under this subdivision shall not exceed 21 years. (2) The term of a lease granted under this subdivision for commercial or industrial purposes may exceed 21 years but shall not, subject to subsection (3), exceed 50 years. S. 137AA(3) substituted by No. 40/2009 s. 28(1). (3) The Minister may grant a lease of land for commercial or industrial purposes under this subdivision for a term of more than 50 years but not more than 99 years if the Minister is satisfied that— (a) a building or structure erected or to be erected on the land; or (b) an improvement made or to be made on or to the land— is of a substantial nature and of a value which justifies a lease term exceeding 50 years.
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