Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) The Treasurer may, in writing, direct the land agency to pay to the Territory—
(a) the amount stated in the direction; or
(b) an amount calculated in the way stated in the direction.
(2) The Treasurer may also direct the land agency, in a direction under subsection (1) or another instrument, about—
(a) how to make the payment; and
(b) when to make the payment; and
(c) the conditions relating to payment.
(3) In giving a direction under subsection (1), the Treasurer must have regard to—
(a) the land agency's assets and liabilities; and
(b) the land agency's income and expenditure; and
(c) the land agency's ability to exercise its functions; and
(d) the requirement that the Territory obtain a reasonable return from the development and disposal of land.
(4) The Treasurer must—
(a) present a copy of a direction under subsection (1) to the Legislative Assembly not later than 6 sitting days after the day it is given to the land agency; and
(b) if the copy would not be presented to the Legislative Assembly before the end of the period of 10 working days after the day the copy is given to the land agency—give a copy to the members of the Legislative Assembly before the end of the 10-day period.
(5) If subsection (4) is not complied with, the direction is taken to have been revoked at the end of the period when the copy of the direction should have been presented or given to members.