New Zealand Acts

MAORI VESTED LANDS ADMINISTRATION ACT 1954 - SECT 23

23 Annual rent where minimum rent reduced because of uncontrollable deterioration

Where, pursuant to the provisions of section 50 , the Land Valuation Tribunal has fixed the amount to represent the deterioration in the quality of the land through causes which were not reasonably within the control of the lessee or any former lessee, the annual rent payable under the new lease shall be the minimum annual rent, ascertained in accordance with section 22 , reduced by an amount equal to 5% of the amount fixed by the Land Valuation Tribunal to represent the deterioration in the quality of the land.

History: Section 23: amended, on 1 September 1977, by section 6(6) of the Land Valuation Proceedings Amendment Act 1977 (1977 No 15).