ABORIGINAL AND TORRES STRAIT ISLANDER COMMISSION ACT 1989 No. 150 of 1989 - SECT 14 Grants of interests in property

ABORIGINAL AND TORRES STRAIT ISLANDER COMMISSION ACT 1989 No. 150 of 1989 - SECT 14

14. (1) Subject to subsection (4), the Commission may, on such terms and
conditions as it determines, grant property interests to Aboriginal or Torres
Strait Islander corporations.

(2) No payment shall be due to the Commission in respect of a grant made under
subsection (1).

(3) The Commission may acquire by agreement any interests in land or personal
property for the purpose of making grants under this section.

(4) Where the Commission acquires an interest in land or personal property for
the purpose of making a grant under this section in connection with a business
enterprise to be engaged in by Aboriginal persons or Torres Strait Islanders,
the following provisions apply:

   (a)  the Commission shall not grant the interest to an Aboriginal or Torres
        Strait Islander corporation except in connection with a business
        enterprise to be engaged in by Aboriginal persons or
        Torres Strait Islanders;

   (b)  the Commission shall not grant the interest in connection with a
        business enterprise unless it is satisfied that the enterprise is
        likely to become, or continue to be, commercially successful;

   (c)  in considering whether to grant the interest, and to whom the interest
        should be granted, the Commission shall have regard to the effect of a
        proposed grant on the employment and training of Aboriginal persons
        and Torres Strait Islanders.

(5) In this section:

"property interest" means:

   (a)  an interest acquired by the Commission under subsection (3);

   (b)  an interest in land or personal property that was held by the
        Aboriginal Development Commission, and is now held by the Commission
        by virtue of the operation of Part 6; or

   (c)  any interest derived from an interest referred to in paragraph (a) or
        (b).