9 Stock limitations

(1)

The repeal of section 66 of the Land Act 1948 by this Act does not affect—

(a)

the validity or effect of any stock limitation:

(b)

the validity or effect of any power of the Commissioner contained in any pastoral lease to grant an exemption from a stock limitation:

(c)

the validity or effect of any such exemption:

(d)

the Commissioner’s power to vary or revoke such an exemption.

(2)

An exemption from a stock limitation—

(a)

is (and was) personal to the person who was the holder of the lease concerned at the time the exemption was granted; and

(b)

if not earlier revoked, expires (or expired) when that person ceases (or ceased) to be the holder of the lease.

(3)

Subsection (2) is for the avoidance of doubt.

(4)

Subsections (1) to (3) do not limit or affect the validity or effect of any condition subject to which a stock limitation, or an exemption from a stock limitation, may have been granted.