New South Wales Consolidated Acts

TRANSPORT ADMINISTRATION ACT 1988 - SECT 11A

11A Sale, lease or other disposal of land

(1) RailCorp may, with the approval of the Minister, sell, lease or otherwise dispose of any of its land.

(2) Despite subsection (1), the approval of the Minister is not required:

(a) for any lease for a term not exceeding 5 years, or

(b) for a sale, lease or other disposal of land not exceeding such value, or in such circumstances, as the Minister may determine from time to time.

(3) The Minister may delegate the power of approval under this section to the Director-General, a member of staff of the Ministry of Transport or a person of a class prescribed by the regulations.