Leasehold re­forms an­nounced

Isis Town and Country - - NEWS -

THE State Govern­ment has an­nounced a pack­age of re­forms aim­ing to give farm­ers and gra­ziers on ru­ral leasehold land greater se­cu­rity of ten­ure, re­duced land rental costs and bet­ter ac­cess to free­hold ti­tle.

Min­is­ter for Plan­ning Jeff Seeney said the pass­ing of the Land and Other Amend­ments Bill 2014 meant gra­ziers now had ac­cess to rolling-term leases, giv­ing them long-term in­vest­ment cer­tainty.

“Gra­ziers can now con­fi­dently in­vest in their prop­er­ties and businesses know­ing their leases will be re­newed on a rolling ba­sis,” Mr Seeney said.

“This leg­is­la­tion also de­liv­ers on a key prom­ise to re­duce land rental costs for farm­ers and gra­ziers and al­low eas­ier, more af­ford­able ac­cess to free­hold ti­tle.”

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