47
CurrentDisposal of land
Part 6Declared projects, reconstruction areas and disaster prevention areas
Division 2Functions of Authority in relation to declared projects, reconstruction areas and disaster prevention areas
47 Disposal of land
(1)
The Authority may, with the approval of the Minister and subject to the terms and conditions decided by the Minister—
(a)
sell, lease, exchange or otherwise deal with or dispose of land vested in the Authority, and
(b)
grant easements or rights-of-way over the land or part of the land.
(2)
Despite subsection (1), the approval of the Minister is not required for a lease of land by the Authority for a term less than 3 years.
This Act’s bill:Explanatory memorandumSecond reading speech
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