Urban Renewal Act 1995

The Minister may with the concurrence of the Treasurer, by notice in the Gazette—

transfer an asset, right or liability of the Minister to a statutory corporation or to SAHT;

transfer an asset, right or liability of a statutory corporation—

to the Minister; or

to another statutory corporation; or

to SAHT; or

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

in prescribed circumstances, subject to prescribed conditions (if any), and with the agreement of the person or body—to a person or body that is not an agent or instrumentality of the Crown;

on the revocation of a precinct plan under

Part

2B, transfer an asset, right or liability of a statutory corporation or an agent or instrumentality of the Crown to a person or body that is not an agent or instrumentality of the Crown, with the agreement of the person or body.

A notice under subsection (1) may make other provisions that in the opinion of the Minister are necessary or expedient in connection with the relevant transfer.

However, the Minister must not act under subsection (1)(b) if to do so would contravene an express agreement entered into by the Minister that limits the Minister's powers in relation to the statutory corporation.