New South Wales Consolidated Acts New South Wales Consolidated Acts(cf Act No 7, 1912, ss 16, 16A)
(1) The Corporation may, with the approval of the Minister, enter into a joint venture with other persons or bodies for any of the following purposes:(a) the acquisition, development, management or disposal of land for residential, business, public or other purposes,(b) the provision of services and products in relation to the provision of housing or to the housing industry,(c) implementing the objects of this Act.
(2) The Corporation must not enter into a joint venture with a public authority constituted by or under an Act without the concurrence of the Minister administering that Act and the approval of the Treasurer.
(3) The Treasurer may require the Minister and the Corporation to provide information to enable the Treasurer to determine whether to give an approval under Part 2D of the Public Authorities (Financial Arrangements) Act 1987 in relation to the joint venture or to grant concurrence under subsection (2).
(4) The Corporation is to comply with any conditions to which the approval or concurrence of the Treasurer is subject.
(5) Despite anything in any other Act, any public authority constituted by or under an Act is authorised and has power to enter into a joint venture referred to in this section and may do or suffer anything necessary or convenient for, or incidental to, carrying out the joint venture.
Note: Part 2D of the Public Authorities (Financial Arrangements) Act 1987 requires an authority, before entering into an arrangement to carry on a joint venture, to obtain the Treasurer’s approval to the arrangement.