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Legislative Assembly for the ACT: 1999 Week 3 Hansard (25 March) . . Page.. 916 ..

The ACT Executive under subsection 161(5) of the Land (Planning and Environment) Act 1991 determines criteria for the direct grant of a lease over land that is land identified in the Territory Plan as Commercial D (Local Centres) Land Use Policies and land adjacent to Local Centres for the purpose of enabling the development of the land for subdivision and resale. The criteria are:

The applicant must:

complete and sign an application form giving details of:

full name and address or full company particulars (including particulars of directors, shares etc);

the proposed lessee or lessees;

the development proposal;

address for service of notices;

demonstrate the viability of the project;

demonstrate that the grant of the lease will:

benefit the economy of the Territory and generate employment; or

contribute to the environmental, social or cultural features in the Territory.

provide evidence of the financial capacity to undertake the servicing and construction program and develop and manage the land;

demonstrate the non-financial capacity including expertise, experience and resources to undertake the development and manage the land;

pay the market value tor the land in accordance with the terms and conditions specified by the Territory;

have the support of the relevant Government agency or agencies; and

pay the fees and charges specified by the Minister in accordance with the Land (Planning and Environment) Act 1991.

Dated this day of 1997

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