New South Wales Consolidated Acts

HISTORIC HOUSES ACT 1980 - SECT 12

12 Disposal of certain property

(1) Subject to subsection (2), where the Trust resolves that any property that has been acquired by it subject to a condition to which it has agreed under section 8 (3) is not required for the purposes of the Trust, the Trust may:

(a) sell the property and retain the proceeds of the sale as property of the Trust,

(b) exchange the property for other property,

(c) give the property to an institution that is an educational institution for the purposes of the Educational Institutions (Stamp Duties Exemption) Act 1961 , or

(d) if the Trust is of the opinion that the property is of no commercial value-dispose of the property otherwise than for valuable consideration,

notwithstanding the condition subject to which the property was acquired.

(2) The Trust may not sell, exchange, give or dispose of property under subsection (1) except with the consent of the Governor and in accordance with any condition imposed by the Governor when giving his or her consent.