SYDNEY HARBOUR FEDERATION TRUST ACT 2001 No. 2, 2001 - SECT 64 Contracts

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SYDNEY HARBOUR FEDERATION TRUST ACT 2001 No. 2, 2001 - SECT 64

Contracts

(1): The Trust must not, except with the Minister's written approval:

(a): enter into a contract involving the payment or receipt by the Trust of an amount exceeding $1,000,000; or
(b): enter into a lease or licence of Trust land for a period that ends after the end of 10 years from the commencement of this Act.

(2): Paragraph (1)(a) does not apply to the investment of money by the Trust in accordance with section 18 of the Commonwealth Authorities and Companies Act 1997 .

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