Dissolution on application
57 Dissolution on application
The members of the trust may apply to the Minister for the dissolution of the trust.
The application—
must be made in a manner and form determined by the Minister;
and
be accompanied by the prescribed fee.
The decision by the trust to dissolve must be made pursuant to a resolution of the trust.
A resolution under subsection (3) must be supported by 80% or more of the number of votes cast at a meeting of the trust.
If the Minister is satisfied that due application has been made, the Minister may dissolve the trust by notice in the
Gazette.
The notice will operate from the date of publication or from a later date specified in the notice.
When the notice comes into operation—
the trust is dissolved; and
any water licence held by the trust—
will vest in 1 or more persons determined or approved by the
Minister; or
will be dealt with in some other manner determined or approved by the Minister, subject to the operation of the Landscape South Australia
Act 2019.
The Minister must consult with the Minister responsible for the administration of the Landscape South
Australia Act 2019 before acting under subsection (7)(b).
The notice may impose such terms and conditions as the Minister thinks fit—
on the members of the trust; and
on other persons who own or occupy land that, immediately before the dissolution of the trust, constitutes serviced property under this
Act.
This provision refers to the regulations (prescribed fee
). Made under this Act:
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