The Pamphlet Collection of Sir Robert Stout: Volume 56
Occupation licences may be granted from year to year for any Crown lands not subject to a right of depasturing; such licence expires on the 31st December of the year in which it is granted, unless renewed, and the rental will be published when the land is proclaimed open to licence. It will be open to selection, and any area selected as a grazing farm or agricultural farm will be allowed for. No protection will be granted for any improvements erected during the licence to occupy.
Provision is also made for special grants, leases, reserves, and for compensation. All Crown grants issued under this Act contain reservations of all gold in or under the land comprised therein.