Victorian Consolidated Legislation

Transport Act 1983 - SECT 47

Surplus land

47. Surplus land



(1) In this section surplus land means land which is vested in the Corporation
but which is no longer required by the Corporation for or in connexion with
the performance of its functions.





(2) The Corporation may with the approval of the Minister-

   (a)  sell any surplus land;





   (b)  grant leases of any surplus land or, in the case of leases to the
        National Rail Corporation Limited or a rail corporation (within the
        meaning of the Rail Corporations Act 1996), any land, and may do so
        notwithstanding that the land is land which was granted to the
        Corporation or to any other person subject to a trust or condition
        requiring it to be used for some particular purpose or land
        temporarily or permanently reserved for any purpose under the
        Crown Land (Reserves) Act 1978 or any previous Act relating to Crown
        land; or

   (c)  develop any surplus land and for this purpose may-

   (i)  subdivide and re-subdivide the land;

   (ii) consolidate the title to the land;

   (iii) grant or create in favour of any person any easement over the land
        upon such terms and conditions as the Corporation thinks fit;

   (iv) effect or arrange with other persons for the development of the land
        upon such terms and conditions as the Corporation thinks fit;

   (v)  maintain, operate and manage or arrange with other persons to
        maintain, operate and manage the land and any buildings, works,
        structures and other property on the land; or

   (vi) promote a Property Trust and-

                (A)  with the consent of the Minister administering Part 7 of
                     the Financial Management Act 1994, subscribe for or
                     otherwise acquire and dispose of any unit or units in the
                     Trust;

                (B)  enter into arrangements with the Trust for the management
                     by the Corporation of the Trust;

                (C)  enter into such contracts with the Trust as the
                     Corporation deems necessary to guarantee to unit holders
                     in the Trust an agreed return;

                (D)  make such loans to the Trust on such terms as the
                     Corporation thinks fit.

(3) Any Property Trust promoted under this section shall provide that the
trustees shall be appointed by the Minister.

(4) In this section develop means improve land for any commercial or civic or
other public or private purpose and includes the construction, demolition or
substantial alteration of any structure in or upon the land or the excavation
of the land.



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