Western Australian Consolidated Regulations Western Australian Consolidated Regulations (1) The lessee of a
tenure referred to in regulation 23(1) may, in accordance with, and
subject to the provisions of, the conditions, within a period of 30 days
after the expiration of a period of 10 years from the commencement of the
term of the lease, make application in writing to the Minister for a review of
the option price for the fee simple as fixed by the Minister on the grounds
that the price, as so determined, was too high to allow a reasonable living
based on the average price of primary products during that period of
10 years.
(2) On receipt of an
application made under subregulation (1), the Minister may after such
inquiry as he deems necessary and having regard to the reasonable market value
of the holding, review the option price.
[Regulation 23A inserted in Gazette
15 Jul 1958 p. 1564.]