Australian Capital Territory Consolidated Acts

PLANNING AND DEVELOPMENT ACT 2007 - SECT 32

    (1)     The land agency has the following functions:

        (a)     to develop land;

        (b)     to carry out works for the development and enhancement of land;

        (c)     to carry out strategic or complex urban development projects.

    (2)     The land agency may exercise any other function given to the land agency under this Act or another territory law.

    (3)     The land agency may exercise its functions—

        (a)     alone; or

        (b)     through subsidiaries, joint ventures or trusts; or

        (c)     by holding shares in, or other securities of, corporations.

    (4)     The land agency must exercise its functions—

        (a)     in accordance with the object of the territory plan; and

        (b)     in accordance with the latest statement of intent for the land agency.

Note 1     The land agency is required to prepare a statement of intent under the Financial Management Act 1996 .

Note 2     For the object of the territory plan, see s 48.

Note 3     A provision of a law that gives an entity (including a person) a function also gives the entity powers necessary and convenient to exercise the function (see Legislation Act, s 196 and dict, pt 1, def  entity ).