Page 2383 - Week 08 - Thursday, 7 June 1990

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PROVIDES THAT NON RESIDENTIAL LEASES,MAY ALSO BE RENEWED AT EXPIRY ALSO SUBJECT TO THE LAND NOT BEING REQUIRED FOR GOVERNMENT OR PUBLIC PURPOSES. IN THE CASE OF NONRESIDENTIAL RENEWALS, THE REGULATIONS WILL PRESCRIBE THE CIRCUMSTANCES IN WHICH RENEWAL IS TO BE AVAILABLE AND THE BASIS OF CALCULATING THE REQUIRED PAYMENT OF PREMIUM;

PROVIDES THAT THE LEASE DOCUMENT WILL REMAIN THE SOLE DOCUMENT FOR SPECIFYING THE PURPOSE FOR WHICH A PARCEL OF LAND CAN BE USED;

PROVIDES THAT LEASES CAN BE ISSUED TO COMMUNITY ORGANISATIONS AT LESS THAN MARKET VALUE. TO BE ELIGIBLE FOR SUCH A LEASE, A COMMUNITY ORGANISATION MUST MEET CRITERIA THAT HAVE BEEN TABLED IN THE ASSEMBLY AS A DISALLOWABLE INSTRUMENT. THE BILL ALSO PROVIDES THAT COMMUNITY LEASES GRANTED UNDER THE LEGISLATION CAN NOT BE TRANSFERRED;

PROVIDES FOR SPECIAL LEASES THAT MAY BE ISSUED AT LESS THAN MARKET VALUE FOR THE PROPOSES OF ENCOURAGING CANBERRAS ECONOMIC DEVELOPMENT. AGAIN, THE CRITERIA FOR ELIGIBILITY FOR SUCH A LEASE MUST BE TABLED IN THE ASSEMBLY AS A DISALLOWABLE INSTRUMENT;

PROVIDES FOR LESSEES TO BE REQUIRED TO LODGE PERFORMANCE BONDS AS SECURITY THAT AN ACTION REQUIRED BY THE LEASE WILL OCCUR;

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