(1) In this section
—
continuing lease means a pastoral lease that
—
(a) was
granted before the appointed day; or
(b) is a
continuation, by means of a renewal or grant effected under —
(i)
section 140 of this Act; or
(ii)
section 98(11) of the repealed Act as read with section
143 of this Act,
of a pastoral lease
that was granted before the appointed day.
(2) If a continuing
lease expires and is not further continued, the lessee is entitled to receive
from the Minister as compensation an amount determined by the Valuer-General
to be the market value on the date of expiry of any lawful improvements
existing on the land under the lease.
(3) If a continuing
lease expires and is continued by the grant of a lease, offered under
section 140 of this Act or under section 98(11) of the repealed Act as read
with section 143 of this Act, over part only of the land, subsection (2)
applies in relation to improvements existing on the land not under the newly
granted lease.
(4) If a pastoral
lease other than a continuing lease expires, the lessee is not entitled to any
compensation for improvements.
(4a) Despite
subsection (4) and section 143(5a) or (6c) —
(a) if
the Minister is not satisfied that the land subsisting in a lease is capable,
when fully developed, of carrying sufficient authorised stock to enable it to
be worked as an economically viable and ecologically sustainable pastoral
business unit; and
(b) the
land subsisting in the lease is a part only of the land that was in the lease
when it was granted; and
(c) the
lease is not to be amalgamated with an adjoining pastoral lease; and
(d) the
lease is not to become, together with an adjoining pastoral lease or part of
an adjoining pastoral lease, a pastoral business unit,
the Minister may by
order cancel a grant or extension of a lease in relation to that land that is
to commence immediately upon the expiration of the lease concerned, and the
lessee is entitled to receive from the Minister as compensation an amount
determined by the Valuer-General to be the market value on the date of
cancellation of any lawful improvements existing on the land subsisting under
the lease.
(5) If a pastoral
lease is forfeited under this Act, the lessee is entitled to remove such
improvements made —
(a)
during the term of the lease; or
(b) in
the case of a continuing lease, since the commencement of the original lease,
as are of a kind
easily capable of being removed.
(6) Compensation under
this section is to be paid out of moneys appropriated by Parliament for the
purpose.
[Section 114 amended: No. 59 of 2000 s. 30.]