Victorian Current Acts Victorian Current Acts(1) The Minister may grant a lease of any Crown land, which is not reserved land, in the area shown by hatching on the plan in the Schedule for the purposes of the construction or occupation of substantial buildings and works on that land for amusement and recreation purposes.
(2) The Minister must not grant a lease under subsection (1) unless he or she is satisfied that the lease provides for buildings and works of such a substantial nature and value, and there are other terms of the lease which are such as to justify a lease for a term of more than 21 years.
(3) A lease under subsection (1) must not be for an initial term of more than 21 years.
(4) A lease granted under subsection (1) may contain—
(a) provision for the term of the lease to be extended one or more times, but—
(i) each extension of the term must not exceed 21 years; and
(ii) the aggregate of the initial term and any extensions of the term must not exceed 50 years; and
(b) provision for a lessee to remain in occupation of the land under the same terms and conditions as existed under the lease, at the discretion of the lessor, for a period of not more than 3 months from the expiry of the lease.
(5) This section has effect despite anything to the contrary in the Land Act 1958 .
(6) In this section "reserved land" has the same meaning as in section 3.
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