New South Wales Consolidated Acts(cf Act No 62, 1976, s 9)
(1) In this section:
"develop" includes re-develop.
"public purpose" includes any purpose for which land may be acquired under any other Act.
"residential development" includes the expansion, establishment and re-development of residential areas.
(2) The Corporation has the following functions:(a) to acquire land for present or future residential development and for public purposes,(b) from time to time, as prevailing circumstances require, to develop and make available, or to make available for development by others, such of the land so acquired as the Corporation considers necessary or expedient for residential development and for public purposes.