New South Wales Consolidated Acts

PARRAMATTA STADIUM TRUST ACT 1988 - SECT 16

16 Power of the Trust to acquire, sell, mortgage etc land

(1) The Trust may, but only with the approval of the Minister, acquire land required by it in order to facilitate the attainment or carrying out of its objects.

(2) The Trust may, but only with the approval of the Minister and in accordance with this section, sell or mortgage any land acquired by it under this section.

(3) The Trust must not deal with land under subsection (2) unless before so doing:

(a) it determines to deal with the land by passing a resolution, and

(b) it advertises in a newspaper circulating within the Sydney metropolitan area a notice:

(i) detailing the Trust’s intention to sell or mortgage the land, and

(ii) stating where a plan showing the land concerned may be inspected, and

(iii) stating that objections or comments may be made to the Trust within 21 days, and

(c) when seeking the Minister’s approval, it provides the Minister with:

(i) copies of any objections or comments made under paragraph (b) (iii), and

(ii) a written statement detailing the nature of the dealing, the proposed purchaser or mortgagee (if known to the Trust) and the proposed sale price or amount of the mortgage, and

(iii) such other information as the Minister requests.

(4) For the purpose only of:

(a) rectifying encroachments on to the trust land, or

(b) making minor adjustments to the boundaries of the trust land with adjoining land, or

(c) confining the trust land to a more manageable parcel so as to facilitate its administration,

the Trust may, with the approval of the Minister, surrender part of the trust land to the Crown by a notification in the Gazette or transfer part of that land to Parramatta City Council.

(5) Land may be transferred under subsection (4) only after the Minister has certified that, in the Minister’s opinion, the divesting of the land will not affect, to any significant degree, the Trust’s attainment or carrying out of its objects.