State Pre-Emptive Right of Purchase Act 2001 (No. 12 of 2001).
Country
Type of law
Legislation
Abstract
This Act grants a priority right to the Government of Kiribati to purchase land from landowners who offer such land for sale: (a) to any person not among the next-of-kin of the transferring owner; or (b) whether the person is next-of-kin or not, to any person for valuable consideration. The Act provides for the acquisition of such land by the State. No owner shall: (a) unconditionally accept an offer to purchase land; or (b) cause an alienation governed by this Act to be effected, without first providing notice to the State in a form set out in Schedule 2 to this Act. The purpose of the pre-emptive right of the State is to avoid accumulation of land by a single landowner who then lets the land lie idle and land planning control. The Act provides for a possibility to claim compensation if land has been compulsorily acquired and the owner has incurred a loss but also prescribes severe penalties, including forfeiture of the land, for landowners who try to cheat the Government.
Attached files
Web site
Long title of text
An Act to afford Kiribati a pre-emptive right to purchase certain land for land planning purposes.
Date of text
Repealed
No
Source language
English
Legislation Amendment
No