New South Wales Consolidated Acts

PARRAMATTA STADIUM TRUST ACT 1988 - SECT 17

17 Dealings with certain property that is held by the Trust subject to a condition

(1) If property is held by the Trust subject to a condition to which the Trust has agreed under section 6, the Trust shall not dispose of or otherwise deal with any of the property except in accordance with the condition or in accordance with subsection (2).

(2) If the Trust resolves that any property held by the Trust subject to a condition of the kind referred to in subsection (1) is no longer required for the purposes of the Trust or can no longer be used for those purposes, the Trust may, despite that condition:

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

(b) exchange the property for other property that is capable of being used for the purposes of the Trust, or

(c) give the property to an institution which engages in activities of a sporting, recreational, educational or cultural nature, or

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

(3) The Trust shall not sell, exchange, give, dispose of or otherwise deal with property under subsection (2) except with the consent of the Minister and in accordance with any condition that the Minister may impose on the grant of that consent.

(4) The Minister may consent to the sale, exchange, gift or disposal of, or to any other dealing with, property for the purposes of this section and may impose any condition that the Minister thinks fit on the grant of that consent.

(5) In this section, "property" does not include any trust land.