After
section 114(4) the following subsection is inserted —
“
(4a) Despite subsection (4) and section 143(5a)
or (6c) —
(a) if
the Minister is not satisfied that the land subsisting in a lease is capable,
when fully developed, of carrying sufficient authorised stock to enable it to
be worked as an economically viable and ecologically sustainable pastoral
business unit;
(b) the
land subsisting in the lease is a part only of the land that was in the lease
when it was granted;
(c) the
lease is not to be amalgamated with an adjoining pastoral lease; and
(d) the
lease is not to become, together with an adjoining pastoral lease or part of
an adjoining pastoral lease, a pastoral business unit,
the Minister may by
order cancel a grant or extension of a lease in relation to that land that is
to commence immediately upon the expiration of the lease concerned, and the
lessee is entitled to receive from the Minister as compensation an amount
determined by the Valuer-General to be the market value on the date of
cancellation of any lawful improvements existing on the land subsisting under
the lease.
”.