NgāiTakoto Claims Settlement Act 2015

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Restrictions on disposal of RFR land

155 Restrictions on disposal of RFR land

(1)

An RFR landowner must not dispose of RFR land to a person other than the trustees of a recipient trust or their nominee unless the land is disposed of—

(a)

under any of sections 161 to 171; or

(b)

under any matter referred to in section 172(1); or

(c)

in accordance with a waiver or variation given under section 180; or

(d)

within 2 years after the expiry date of an offer by the RFR landowner to dispose of the land to the trustees of an offer trust, if the offer to those trustees—

(i)

related to exclusive RFR land or shared RFR land; and

(ii)

was made in accordance with section 156; and

(iii)

was made on terms that were the same as, or more favourable to the trustees than, the terms of the disposal to the person; and

(iv)

was not withdrawn under section 158; and

(v)

was not accepted under section 159.

(2)

Subsection (1)(d) does not apply to exclusive RFR land or shared RFR land that is balance RFR land, unless and until—

(a)

an offer to dispose of the balance RFR land has been made in accordance with section 156; and

(b)

that offer is not accepted by the trustees of an offer trust under section 159(3).