Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Where, on the vesting in a Land Trust of an estate in fee simple in land, the land is being occupied or used by the Crown or, with the licence or permission of the Crown, by an Authority, the Crown or the Authority is entitled to continue that occupation or use for such period as the land is required by the Crown or the Authority.
(2) During the period for which, by virtue of subsection (1), the Crown or an Authority is entitled to the occupation or use of land, any buildings and improvements on that land shall be deemed to be the property of the Crown or the Authority.
(3) Nothing in this section prevents the granting by a Land Trust of a lease of land referred to in subsection (1) to the Commonwealth, the Northern Territory or an Authority, as the case may be, and, if such a lease is granted, the land ceases to be land to which this section applies.
(3A) Nothing in this section prevents a Land Trust granting a lease of land to an approved entity under section 19A that includes land referred to in subsection (1) of this section.
(3B) If land (the applicable land ):
(a) is of a kind referred to in subsection (1); and
(b) is part of land that is leased to an approved entity under section 19A;
nothing in this section prevents the approved entity granting a sublease of the applicable land to the Commonwealth, the Northern Territory or an Authority, as the case may be.
(3C) If such a sublease is granted, the applicable land ceases to be land to which this section applies.
(4) This section does not apply in relation to an occupation or
use of land that is authorized by the Atomic Energy Act 1953 or any other Act
authorizing mining for minerals and this section does not prejudice the
operation of the Atomic Energy Act 1953 or that other Act, as the case may be.