(1) A plantation
interest may be wholly or partially surrendered by an instrument of surrender
in an approved form that is signed by each proprietor of —
(a) the
plantation interest; and
(b) the
agreement land.
(2) An instrument of
surrender of a plantation interest shall not be registered unless —
(a) the
following have been surrendered, discharged or withdrawn —
(i)
each registered interest in the plantation interest or
the part of the plantation interest to be surrendered;
(ii)
any caveat lodged in respect of the plantation interest
or the part of the plantation interest to be surrendered;
and
(b) the
instrument is accompanied by the prescribed fee.
(3) If an agreement is
entered into by a lessee of Crown land, an instrument of surrender of the
plantation interest that is the subject of the agreement shall not be
registered unless there is compliance with section 18 of the
Land Administration Act 1997 .
[Section 104S inserted: No. 56 of 2003 s. 14.]