NgāiTakoto Claims Settlement Act 2015

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157 Expiry date of offer

(1)

The expiry date of an offer must be on or after the date that is 20 working days after the date on which the trustees of the 1 or more offer trusts receive notice of the offer.

(2)

However, the expiry date of an offer may be on or after the date that is 10 working days after the date on which the trustees of the 1 or more offer trusts receive notice of the offer if—

(a)

the trustees have received an earlier offer to dispose of the land; and

(b)

the expiry date of the earlier offer was not earlier than 6 months before the expiry date of the later offer; and

(c)

the earlier offer was not withdrawn.

(3)

For an offer of shared RFR land, if the RFR landowner has received notices of acceptance from the trustees of 2 or more offer trusts at the expiry date specified in the notice given under section 156(1), the expiry date is extended for the trustees of those 2 or more offer trusts to the date that is 10 working days after the date on which the trustees receive the RFR landowner’s notice given under section 159(4).