Commonwealth Numbered Regulations

AUSTRALIAN CAPITAL TERRITORY (PLANNING AND LAND MANAGEMENT) REGULATIONS 2021 (F2021L01831) - REG 6

                   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.