REPUBLIC OF VANUATU

THE LAND LEASES (AMENDMENT) ACT 1987

NO. 10 OF 1987

Assent:	21.8.87	
Commencement:	7.9.87	

An Act to amend the Land Leases Act. No. 4 of 1983.
BE IT ENACTED by the President and Parliament as follows:-
1	AMENDMENT OF ACT NO.4 OF 1983
The Land Leases Act No.4 of 1983, as amended, is further amended in the Schedule -
	(a) by repealing paragraph (1) and substituting the following paragraph –
	"Amount of fees
	(a)		creation of a lease		2%	
	(b)		transfer of a lease		2%	
	(c)		creation and transfer of a mortgage		0.5%	
	(d)		combination and subdivision		5%";	
	(b) by inserting in paragraph 3(b) after the word "Government" the words "and any Local Government Council or Municipal Council";
	(c) by substituting in paragraph 3(d) for the figure "VT100,000" the figure "VT50,000";
	(d) by substituting in paragraph 3(e) for the figure "1(b)" the figure "1(c)";
	(e) by substituting in paragraph 3(f) for the figure "1(e)" the figure "1(d)".
2	COMMENCEMENT
This Act shall come into force on the day of its publication in the Gazette.