Part 3BConcessions
17ZETransfers, subleases, and mortgages
Where a concession document includes a right to transfer, sublease, assign, mortgage, or otherwise dispose of the concessionaire's interest, the concessionaire shall not transfer, sublease, assign, mortgage, or otherwise dispose of the concessionaire's interest or any part thereof without the consent of the Minister.
The Minister shall at all times have power in the public interest, and in his or her discretion, to refuse any application for consent whatever or to grant his or her consent subject to such conditions as he or she thinks fit.
Unless the concession document otherwise provides, the provisions of sections 17P, 17S, 17T, 17U, 17W, 17X, 17ZB, and 17ZC apply to any application to transfer, sublease, assign, mortgage, or otherwise dispose of a concessionaire's interest in a concession or any part of a concession.
Notes
- Section 17ZE: inserted, on , by section 7(1) of the Conservation Amendment Act 1996 (1996 No 1).