Northern Parklands Act 2025

The

Regulations establishing a statutory trust—

must name the trust; and

must provide for the constitution of the membership of the trust; and

must specify the functions of the trust; and

may limit the powers of the trust; and

may specify procedures that will be followed in the event of a proposal to dissolve the trust; and

may make other provisions (not inconsistent with this Act) that in the opinion of the Governor are necessary or expedient for the purposes of the trust.

The

alter the name of a statutory trust; or

vary the constitution of the membership of a statutory trust; or

alter the functions of a statutory trust; or

alter or limit the powers of a statutory trust; or

make other provisions (not inconsistent with this Act) that in the opinion of the Governor are necessary or expedient for the purposes of the statutory trust.

The

dissolve a statutory trust established under this section; and

transfer the assets, rights and liabilities of a trust dissolved under this provision (either as a whole or in separate parcels specified by regulation)—

to the Minister; or

to another statutory trust; or

to the Crown, or to another agency or instrumentality of the Crown (not established under this Act); or

with the agreement with the person or body—to a person or body that is not an agency or instrumentality of the Crown; and

make other provisions that in the opinion of the Governor are necessary or expedient in connection with the dissolution of the trust.

However, if a regulation is in force under subsection (2)(e) in respect of the statutory trust, a statutory trust must not be dissolved unless the Governor is satisfied that any relevant procedure prescribed under that subsection has been followed.

If a regulation establishing a statutory trust under this section is disallowed by either House of Parliament, the assets, rights and liabilities of the statutory trust become assets, rights and liabilities of the Minister.