Queensland Consolidated Acts

LAND ACT 1994 - SECT 164B

164B Identification of lease as a rolling term lease

(1) The identification, under this subdivision, of a lease as a rolling term lease, including because of the Minister’s approval of the lease as a rolling term lease—

(a) allows the provisions of this subdivision relating to the extension of rolling term leases to be applied to the lease; and

(b) does not affect any aspect of the lease, including any conditions of the lease.

(2) The registrar of titles must ensure the particulars recorded in the leasehold land register for each term lease that, under this subdivision, is a rolling term lease, include that the lease is a rolling term lease.

(3) The recording of a lease as a rolling term lease as mentioned in subsection (2) must be done—

(a) for a lease in existence immediately before the commencement of this section—as soon as practicable after the commencement of this section; and

(b) for a lease that is granted after the commencement of this section and is a rolling term lease immediately it is granted—when the particulars of the lease are first recorded in the leasehold land register; and

(c) for a lease that becomes a rolling term lease because of the Minister’s approval of the lease as a rolling term lease—as soon as practicable after it becomes a rolling term lease.