Document ID: chunk:federal_register_of_legislation:C2004C00958:clause:1_3:p4
Version: federal_register_of_legislation:C2004C00958
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 4/4)
Character Range: 464732–465700

or waive a term of the lease or for the forfeiture or surrender of the lease.

 (4) The expenditure or payment can include giving property: see section 103‑5.

132‑15  Lessee of land acquires reversionary interest of lessor

 (1) This table sets out what happens if:

 (a) the lessee of land *acquires the reversionary interest of the lessor in the land; and

 (b) Subdivision 124‑J (roll‑over provisions for Crown leases) does not apply to the acquisition.

Lessee acquires reversionary interest of lessor
                                                                                                          The lessee is taken to have *acquired the land at this time:
                                                                                                                                                                        The lessee is taken to have acquired the land for:
Item                                             In this situation: