Australian Capital Territory Numbered Acts

LAND (PLANNING AND ENVIRONMENT) (NO. 31 OF 1993) - SECT 5

5. After section 27 of the Principal Act the following sections are inserted in Division 1 of Part IV:

“27A. Where—

        (a)     a lease (in this section referred to as a ‘holding lease' was granted under a repealed Act and was expressed to be granted for the purpose of enabling the lessee to develop the land comprised in the lease for subdivision and resale; and

        (b)     the holding lease provides that a lease of land comprised in the holding lease that is granted after development of the land comprised in the holding lease in accordance with the provisions of that lease shall be granted under the repealed Act;

any such subsequent lease shall be granted under the Land Act.

“27B. (1) Where—

        (a)     a declaration under subsection 27 (1) of the Australian Capital Territory (Planning and Land Management) Act 1988 of the Commonwealth has been rescinded, revoked, amended or varied and as a consequence land that had been National Land has ceased to be so; and

        (b)     a lease had been granted under a prescribed law over all or any of that land and that lease was in force immediately before the rescission, revocation, amendment or variation of the declaration;

that lease shall, from the time of the rescission, revocation, amendment or variation of the declaration be taken to have been granted under the Land Act.

“(2) For the purposes of subsection (1), each of the following laws as in force from time to time is a prescribed law:

        (a)     the City Area Leases Ordinance 1936 ;

        (b)     the Leases Ordinance 1918 ;

        (c)     the Leases (Special Purposes) Ordinance 1925 .”.