Victorian Consolidated Legislation

Project Development and Construction Management Act 1994 - SECT 48

Urban Land Authority and Secretary to prepare allocation statement or statements

48. Urban Land Authority and Secretary to prepare allocation statement or
statements



(1) The Urban Land Authority and the Secretary must give to the relevant
Ministers and the Treasurer within the period of 3 months after the date on
which this Act receives the Royal Assent a statement or statements approved by
the Treasurer and the relevant Ministers relating to the property, rights and
liabilities of the Urban Land Authority in relation to a major project or
projects as at a date specified by the Minister for the purposes of the
relevant statement.

(2) A statement under this section in relation to a major project-

   (a)  must allocate to the Secretary all the property, rights and
        liabilities of the Urban Land Authority which relate to the project;
        and

   (b)  must be signed by the Chairman of the Urban Land Authority and the
        Secretary.

(3) If a statement under this section is approved by the Treasurer and the
relevant Ministers-

   (a)  the Treasurer and the relevant Ministers must sign the statement; and

   (b)  the statement is an allocation statement for the purposes of this
        Part.

(4) The Treasurer and the relevant Ministers may at any time direct the Urban
Land Authority and the Secretary to amend a statement given to them under this
section as specified in the direction.

(5) An allocation statement under this section may be amended by writing
signed by the Treasurer and the relevant Ministers.

(6) In this section, statement and allocation statement include a statement or
allocation statement amended in accordance with this section.