Document ID: chunk:federal_register_of_legislation:F2022L00470:reg:5
Version: federal_register_of_legislation:F2022L00470
Segment Type: reg
Provision Reference: reg 5
Character Range: 35661–36638

5                                     a lease prescribed by the rules                                                                                                                                                                  the period prescribed by the rules

Dealings in Division 4 leases
 (2) Each of the following is a dealing in a Division 4 lease:
 (a) an assignment or transfer of the lease;
 (b) a parting with possession of the land comprised in the lease or any part of it;
 (c) a dealing prescribed by the rules.
 (3) However, subject to section 27 (about arrangements made to avoid the restriction on dealings in this Division), the grant of a sublease is not a dealing in relation to a Division 4 lease, whether made before, on or after the commencement of this Ordinance.

Exemption of Division 4 leases
 (4) The Minister may, by notifiable instrument, exempt a Division 4 lease from the application of this Division in relation to a particular dealing.