The Act restricts leases, assignment of leases or subleases. Any such lease requires the approval of the Leases Approval Committee, established in the Act. In considering applications for approval, the Committee shall have regard to any criteria as well as policy directions from the Minister of Justice. Approval is not required for leases under the Short Term Crop Leases Act or any lease for a term not exceeding five years. It further provides for application, procedures of the Committee, regulations.
Implemented by: Leases Restrictions Regulations 1977. (1977-05-18)
Amended by: Leases Restrictions Amendment Act 2002 (No. 5 of 2002). (2002-05-09)
Amended by: Leases Restrictions Amendment Act 2005 (No. 16 of 2005). (2005-10-14)
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