Victoria University of Technology Act 1990 - SECT 40 Acquisition of land for or in connection with the University
This legislation has been repealed.
Victoria University of Technology Act 1990 - SECT 40
Acquisition of land for or in connection with the University40. Acquisition of land for or in connection with the University (1) The Minister, after consultation with the Council, may, by agreement or compulsorily, acquire any land for the purposes of or in connection with the University. (2) The Land Acquisition and Compensation Act 1986 applies to this Act and for that purpose- (a) this Act is the special Act; and (b) the Minister is the Authority. (3) Any unalienated Crown land, despite anything to the contrary in the Land Act 1958- (a) may be granted in fee simple to the University or to any college, institution or body affiliated or connected with the University for such consideration (if any) and subject to such conditions, limitations and restrictions as the Governor in Council determines; or (b) may be reserved under the Crown Land (Reserves) Act 1978 either permanently or temporarily as a site for the purposes of the University or any such institution. (4) Any land acquired by agreement under this Act by the Minister must be conveyed or transferred to the Crown and, despite anything to the contrary in any Act, may be dealt with as unalienated Crown land. (5) Any land acquired compulsorily under this Act by the Minister- (a) vests in the Crown under section 24 of the Land Acquisition and Compensation Act 1986, despite anything to the contrary in that section; and (b) despite anything to the contrary in any Act, may be dealt with as unalienated Crown land. (6) The Council must not, without the prior approval of the Minister, alienate (whether in fee simple or for a lesser estate or interest except a leasehold interest not exceeding 21 years and whether totally or partially or subject to conditions) any land granted in fee simple under subsection (3)(a). (7) The Council must not, without the prior approval of the Minister- (a) alienate any interest in fee simple of any land owned by the University, other than land referred to in subsection (3)(a), if the sum of the consideration for the transfer or conveyance of that interest exceeds $3 000 000 or any other amount that the Minister fixes by instrument published in the Government Gazette; or (b) grant a lease for a term exceeding 21 years of any land owned by the University other than land referred to in subsection (3)(a). (8) Subsections (6) and (7) have effect despite any Act or law to the contrary, including any rule of common law.