Page 1789 - Week 05 - Thursday, 11 May 2017

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Proposed new clause 51 (3)

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insert

(3) The agency must report to the Legislative Assembly any allegation made to the agency in relation to the agency CEO’s failure to comply with this section within 5 days after the day the agency receives the allegation.

Clause 55 (2)

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after

agency

insert

CEO

Proposed new part 3A

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insert

Part 3A Land acquisitions by authority or agency

55A Application—pt 3A

This part applies to the acquisition of land by the authority or agency (the entity).

55B Acquisition of land for less than $5 million

(1) The entity may acquire land for less than $5 million if—

the entity’s board approves the acquisition; and

the Minister is advised of the acquisition.

(2) The entity may refer the proposed acquisition to the Executive for consideration if the entity considers the referral appropriate.

(3) This section is subject to section 55D.

55C Acquisition of land for $5 million or more and less than $20 million

(1) The entity may acquire land for $5 million or more, but less than $20 million, if—

(a) the entity submits a business case for the acquisition to the Treasury; and

(b) the Chief Minister and the Treasurer approve the acquisition.

(2) This section is subject to section 55D.

55D Acquisition of land for $20 million or more

(1) This section applies to an acquisition of land if—

(a) the acquisition is for $20 million or more; or

(b) the acquisition would result in total acquisitions of land by the entity for the financial year in which the acquisition is proposed of $20 million or more.

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