New South Wales Consolidated Acts

COMMONS MANAGEMENT ACT 1989 - SECT 24

24 Dissolution of a trust-disposal of the trust property

(1) If the setting aside of a common is revoked or otherwise terminated, the trust established for that common is dissolved.

(2) If a trust is dissolved, the Minister may dispose of any property of the trust in such manner as the Minister considers appropriate.

(3) If any property which the Minister has power to dispose of under subsection (2) is real property, the Minister may deal with it as if it were Crown land subject to the Crown Lands Acts and not otherwise.

(4) The Minister has power to execute transfers, conveyances and other instruments and do any other things that are necessary to enable the Minister to exercise the powers conferred by subsections (2) and (3).

(5) The Minister may give directions with respect to the proceeds of sale of any property sold under this section and, where any such directions are given, those proceeds must be dealt with in accordance with those directions.

(6) For the purpose of subsection (5), the proceeds of sale are the proceeds after meeting the costs of the sale.