Queensland Consolidated Acts

ABORIGINAL LAND ACT 1991 - SECT 40ZC

(1) The trustee of transferred land (the transferor) may transfer all or a part of the land only--

(a) with the Minister's written approval; and

(b) to a land trust (the transferee).

(2) If a trustee transfers land under this subdivision--

(a) all improvements on the land must be transferred with the land; and

(b) the transferee holds the land as trustee for the benefit of the Aboriginal people particularly concerned with the land, and their ancestors and descendants; and

(c) if all the Aboriginal land held by the trustee is transferred to the transferee--

(i) the land trust for the land that is transferred is dissolved; and

(ii) all the assets and liabilities of the trustee become the assets and liabilities of the transferee; and

(d) if paragraph (c) does not apply--the assets and liabilities of the trustee as mentioned in section 40ZE(1)(a)(ii) become the assets and liabilities of the transferee.