Power to dispose of land that is not required
27 Power to dispose of land that is not required
Subsection (2) applies if the former owner of land taken under this division gives the authority a response notice for the land stating that the former owner is interested in buying the land.
The authority must, by notice, offer the land, subject to any easement over the land, for sale to the former owner at a price decided by the authority.
Subsection (4) applies if the former owner of land taken under this division—
does not give a response notice for the land; or
gives a response notice stating that the former owner is not interested in buying the land; or
does not accept an offer for the sale of the land made by the authority.
The authority may dispose of the land, subject to any easement over the land.
In deciding the price for which the land may be sold under subsection (2) or (4), the authority must consider—
a valuation by a valuer registered under the Valuers Registration Act 1992; and
the policies and systems for the management of government assets; and
the existence of any easement over the land.
A person contracting or otherwise dealing with the authority in relation to land does not have to ask whether section 26 or this section has been complied with.
The title of any person to land acquired from the authority is not affected by a failure to comply with section 26 or this section.
This section applies despite the Acquisition of Land Act 1967, section 41.
This Act’s bill:Explanatory memorandumSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.