New South Wales Consolidated Acts

PARRAMATTA PARK TRUST ACT 2001 - SECT 11

11 Disposal of certain other property

(1) In this section:
"condition" means a condition to which the Trust has agreed under section 10.

(2) The Trust must not sell, mortgage or otherwise dispose of any property acquired by gift, devise or bequest, or any property being additional trust lands, except:

(a) if the property was acquired without any condition-with the approval of the Minister, or

(b) if the property was acquired subject to a condition-in accordance with the condition or subsection (3).

(3) If the Trust determines that any property that has been acquired by the Trust subject to a condition is not required for the purposes of the Trust, the Trust may (despite that condition), with the approval of the Minister:

(a) sell the property, or

(b) exchange the property for other property, or

(c) give the property to any recreational, scientific or educational institution, or

(d) if the Trust is of the opinion that the property is of no commercial value-dispose of the property without valuable consideration.