45 Land held for public work may be leased, etc

(1)

If any land is held for any public work under this or any other Act or in any other manner, the Minister or local authority, as the case may be, may grant a lease or tenancy of the land or a licence to occupy the land on such terms and conditions as he or it may think fit.

(2)

[Repealed]

(3)

[Repealed]

(4)

[Repealed]

(5)

All rents and profits derived from land under this section shall—

(a)

be paid into a Crown Bank Account or a Departmental Bank Account in accordance with the Public Finance Act 1989; or

(b)

be paid into the bank account of the Crown agency (within the meaning of the Public Finance Act 1989) holding or managing the land; or

(c)

be paid into the general revenues of the local authority or controlling authority—

as the case may require.

(6)

The Minister or local authority may at any time accept the surrender of any lease, tenancy, or licence to occupy granted under this section.

Compare: 1928 No 21 s 39

Section 45(2): repealed, on 29 July 1995, by section 8(2) of the Transit New Zealand Amendment Act 1995 (1995 No 42).

Section 45(3): repealed, on 29 July 1995, by section 8(2) of the Transit New Zealand Amendment Act 1995 (1995 No 42).

Section 45(4): repealed, on 29 July 1995, by section 8(2) of the Transit New Zealand Amendment Act 1995 (1995 No 42).

Section 45(5): substituted, on 8 August 1991, by section 3 of the Public Works Amendment Act 1991 (1991 No 87).