(1) If —
(a) a
pastoral lease granted under section 101(1) or a pastoral lease or a part of a
lease the transfer of which was approved under section 134(4)(c) and an
adjoining lease are held by the same lessees; and
(b) the
lessees hold the same proportionate share of each lease or part of a lease,
the Minister may in
writing approve the creation of a pastoral business unit comprising those
leases or parts of leases and specify the name of the pastoral business unit.
(2) If the Minister
gives approval under subsection (1), the Minister is to lodge a memorial in an
approved form with the Registrar in respect of each lease or part of a lease
comprising the pastoral business unit stating that the lease or part of a
lease is part of the pastoral business unit and the name of the pastoral
business unit.
(3) The Minister may
in writing approve a variation of the leases or parts of leases comprising a
pastoral business unit and, if the Minister does so, is to —
(a)
lodge a memorial under subsection (2) in relation to any lease or part of a
lease which has been added to a pastoral business unit; or
(b)
withdraw a memorial under subsection (2) in relation to any lease or part of a
lease which has ceased to be part of a pastoral business unit.
(4) If a memorial is
lodged or withdrawn under subsection (2) or (3), the Registrar is to endorse
on each certificate of Crown land title, or qualified certificate of Crown
land title, subject to the lease referred to in the memorial particulars of
the memorial or of a variation or withdrawal of a memorial.
(5) If a memorial is
lodged under subsection (2), sections 134 and 136 apply to all of the leases
or parts of leases comprising the pastoral business unit so long as the leases
or parts of leases are part of the pastoral business unit as if a reference in
those sections to a lease were a reference to all of the leases or parts of
leases comprising the pastoral business unit.
(6) The Minister may
in a memorial lodged under subsection (2), declare that the provisions of Part
7, or any of those provisions, apply to all of the leases or parts of leases
comprising the pastoral business unit so long as the leases or parts of leases
are part of the pastoral business unit as if a reference in those sections to
a lease were a reference to all of the leases or parts of leases comprising
the pastoral business unit.
(7) The Minister may
in a memorial in an approved form vary a memorial lodged under subsection (2)
and is to lodge such a memorial with the Registrar.
(8) If a memorial is
lodged under subsection (7), the Registrar is to endorse on each certificate
of Crown land title, or qualified certificate of Crown land title, subject to
the lease referred to in the memorial particulars of the memorial.
[Section 142A inserted: No. 59 of 2000 s. 37;
amended: No. 4 of 2023 s. 92.]