Document ID: chunk:federal_register_of_legislation:F2021L01831:reg:6
Version: federal_register_of_legislation:F2021L01831
Segment Type: reg
Provision Reference: reg 6
Character Range: 2897–3467

6  Maximum terms of estates in Territory Land
  For the purposes of subsection 29(3) of the Act, 999 years is prescribed as the period that the term of an estate granted in Territory Land must not exceed if, immediately before that grant, all or part of the Territory Land was the subject of:
 (a) a perpetual lease; or
 (b) a lease for a term of 999 years.
Note: Leases that are covered by paragraphs (a) or (b) are generally granted for tertiary education or religious purposes.

Part 3—Fees payable in relation to proposals submitted to the Authority for approval