Restriction on disposal of Director’s interests in Commonwealth reserves
358 Restriction on disposal of Director’s interests in Commonwealth reserves
The Director must not sell or otherwise dispose of a usage right the Director holds in relation to land, sea or seabed in a Commonwealth reserve.
However, the Director may grant a lease or sub‑lease of, or a licence relating to, land or seabed in a Commonwealth reserve, but only in accordance with a management plan in operation for the reserve.
Despite subsection (1), the Director may surrender a lease of land or seabed within a Commonwealth reserve in consideration of the grant to the Director of a new lease of land or seabed that includes that land or seabed.
The Lands Acquisition Act 1989 does not apply to the grant or surrender of a lease or sub‑lease under this section.
This section has effect despite any law of the Commonwealth or of a State or Territory.
This Act’s bill:Explanatory memorandumSecond reading speech
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