Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Trust must not, except with the Minister's written approval, enter into a lease or licence over Trust land for a period that is longer than 25 years, and not longer than 35 years.
(2) The Minister must not give approval unless the Minister is satisfied that the terms and conditions of the proposed lease or licence are consistent with:
(a) the objects of the Trust set out in section 6; and
(b) plans approved under Part 5; and
(c) a proposal that covers the lease or licence under section 64C.
(3) In considering whether the terms and conditions of the proposed lease or licence are consistent with the matters in paragraphs (2)(a) and (b), the Minister must have regard to the statement of reasons prepared under section 64B for the proposed lease or licence.