(1) The Minister may
—
(a) sell
the fee simple in; or
(b)
lease with option to purchase,
Crown land subject to
conditions, or to any regulations, requiring the purchaser to subdivide and
develop the land concerned.
(2) If the relevant
conditions or regulations referred to in subsection (1) have been complied
with or, in the case of those conditions, security has been given to the
satisfaction of the Minister for the purpose of ensuring compliance with those
conditions, the Minister may, with the approval of the Planning Commission,
permit the staged transfer in fee simple of Crown land sold under that
subsection.