237F Compensation for taking of esplanade reserves or strips on allotments of 4 hectares or more

Where any esplanade reserve or esplanade strip of any width is required to be set aside or created on an allotment of 4 hectares or more created when land is subdivided, the territorial authority shall pay to the registered owner of that allotment compensation for any esplanade reserve or any interest in land taken for any esplanade strip, unless the registered owner agrees otherwise.

Section 237F: inserted, on 7 July 1993, by section 124 of the Resource Management Amendment Act 1993 (1993 No 65).

Section 237F: amended, on 12 November 2018, by section 250 of the Land Transfer Act 2017 (2017 No 30).