Transfer of institutional private trust land to Crown by agreement with trustees
24 Transfer of institutional private trust land to Crown by agreement with trustees
On and from the repeal day, the Minister and the trustees of institutional private trust land may enter into an agreement for the land to be transferred to the Crown.
It is sufficient compliance with subclause (1) if a majority of the trustees agree to enter the agreement.
The trustees may enter into an agreement to transfer institutional private trust land to the Crown and the agreement has effect despite the provisions of any Act, deed, reservation, dedication, grant or other instrument relating to the land.
The Minister is to comply as far as practicable with the agreement.
This Act’s bill:Explanatory memorandumSecond reading speech
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