{"id":"nsw:act-2001-129","name":"Landcom Corporation Act 2001","slug":"landcom-corporation-act-2001","collection":"act","jurisdiction":"nsw","status":"in_force","isInForce":true,"actNumber":"129 of 2001","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":105128,"registerId":"nsw-act-2001-129-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Part 1","sectionType":"part","heading":"Preliminary","content":"# Part 1 Preliminary\n\nPart 1 Preliminary","sortOrder":0},{"sectionNumber":"1","sectionType":"section","heading":"Name of Act","content":"#### 1 Name of Act\n\n1 Name of Act\n\n> This Act is the [Landcom Corporation Act 2001](/view/html/inforce/current/act-2001-129).","sortOrder":1},{"sectionNumber":"2","sectionType":"section","heading":"Commencement","content":"#### 2 Commencement\n\n2 Commencement\n\n> This Act commences on a day or days to be appointed by proclamation.","sortOrder":2},{"sectionNumber":"3","sectionType":"section","heading":"Definitions","content":"#### 3 Definitions\n\n3 Definitions\n\n> > (1) In this Act:\n> > \n> > assets means any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property of any description (including money), and includes securities, choses in action and documents.\n> > \n> > Corporation means the statutory State owned corporation constituted by this Act.\n> > \n> > exercise a function includes perform a duty.\n> > \n> > function includes a power, authority or duty.\n> > \n> > liabilities means any liabilities, debts or obligations (whether present or future and whether vested or contingent).\n> > \n> > Ministerial Development Corporation means the Ministerial Development Corporation constituted by the [Growth Centres (Development Corporations) Act 1974](/view/html/inforce/current/act-1974-049).\n> > \n> > rights means any rights, powers, privileges or immunities (whether present or future and whether vested or contingent).\n> > \n> > urban development includes the expansion, establishment and re-development of urban areas.\n> \n> > (2) Words and expressions used in this Act and also the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134) have the same meanings in this Act as they have in that Act.","sortOrder":3},{"sectionNumber":"4","sectionType":"section","heading":"Notes","content":"#### 4 Notes\n\n4 Notes\n\n> Notes included in this Act do not form part of this Act.","sortOrder":4},{"sectionNumber":"Part 2","sectionType":"part","heading":"Landcom","content":"# Part 2 Landcom\n\nPart 2 Landcom","sortOrder":5},{"sectionNumber":"5","sectionType":"section","heading":"Establishment of Landcom as statutory SOC","content":"#### 5 Establishment of Landcom as statutory SOC\n\n5 Establishment of Landcom as statutory SOC\n\n> > (1) There is constituted by this Act a corporation with the corporate name of Landcom.\n> \n> > (2) The [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134) is amended by inserting in Schedule 5, in alphabetical order, the word “Landcom”.","sortOrder":6},{"sectionNumber":"6","sectionType":"section","heading":"Principal objectives of Corporation","content":"#### 6 Principal objectives of Corporation\n\n6 Principal objectives of Corporation\n\n> > (1) The principal objectives of the Corporation are as follows:\n> > \n> > > (a) to be a successful business and, to this end:\n> > > \n> > > > (i) to operate at least as efficiently as any comparable businesses, and\n> > > \n> > > > (ii) to maximise the net worth of the State’s investment in it,\n> > \n> > > (b) to exhibit a sense of social responsibility by having regard to the interests of the community in which it operates,\n> > \n> > > (c) to protect the environment by conducting its operations in compliance with the principles of ecologically sustainable development contained in section 6 (2) of the [Protection of the Environment Administration Act 1991](/view/html/inforce/current/act-1991-060),\n> > \n> > > (d) to exhibit a sense of responsibility towards regional development and decentralisation in the way in which it operates,\n> > \n> > > (e) to undertake, or assist the Government in undertaking, strategic or complex urban development projects,\n> > \n> > > (f) to assist the Government in achieving its urban management objectives,\n> > \n> > > (g) to be a responsible developer of residential, commercial and industrial land.\n> \n> > (2) Each of the principal objectives of the Corporation is of equal importance.\n> \n> > (3) The provisions of section 20E of the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134) do not apply to the Corporation.","sortOrder":7},{"sectionNumber":"7","sectionType":"section","heading":"Functions of Corporation","content":"#### 7 Functions of Corporation\n\n7 Functions of Corporation\n\n> > (1) The Corporation has the functions conferred or imposed on it by or under this or any other Act or law.\n> \n> > (2) The principal functions of the Corporation are:\n> > \n> > > (a) to undertake and participate in residential, commercial, industrial and mixed development projects, and\n> > \n> > > (b) to provide advice and services related to urban development, on a commercial basis, to government agencies and others.\n> \n> > (3) Subsection (2) (b) does not affect the functions of the board of the Corporation under section 29 of the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134).\n> \n> > (4) The Corporation may also:\n> > \n> > > (a) provide facilities or services that are ancillary or incidental to its principal functions, and\n> > \n> > > (b) conduct any business or provide any service (whether or not related to its principal functions) that it considers will further its objectives.","sortOrder":8},{"sectionNumber":"8","sectionType":"section","heading":"Board of directors","content":"#### 8 Board of directors\n\n8 Board of directors\n\n> > (1) The Corporation is to have a board of directors.\n> \n> > (2) The board is to consist of 7 directors appointed by the Governor on the recommendation of the voting shareholders.\n> \n> > (3) The voting shareholders are to consult with the portfolio Minister before recommending any person for appointment as a director.\n> \n> > (4) The chief executive officer may be appointed as a director.\n> \n> > (5) The board is accountable to the voting shareholders in the manner set out in Part 4 of the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134) and in the constitution of the Corporation.\n> \n> > (6) The [Government Sector Employment Act 2013](/view/html/inforce/current/act-2013-040) (Part 6 included) does not apply to the directors of the Corporation.\n> \n> > (7) Schedule 8 to the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134) has effect with respect to the constitution and procedure of the board, subject to subsection (8).\n> \n> > (8) The provisions of section 20J of the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134), and of clauses 4 and 9 (1) of Schedule 8 to that Act, do not apply to the Corporation.\n> \n> **s 8:** Am 2015 No 58, Sch 3.55.","sortOrder":9},{"sectionNumber":"9","sectionType":"section","heading":"Chief executive officer","content":"#### 9 Chief executive officer\n\n9 Chief executive officer\n\n> > (1) The chief executive officer of the Corporation is to be appointed by the board after consultation with the voting shareholders and the portfolio Minister.\n> \n> > (2) The board may remove a person from office as chief executive officer, at any time, for any or no reason and without notice, but only after consultation with the voting shareholders and the portfolio Minister.\n> \n> > (3) The chief executive officer is entitled to be paid such remuneration (including travelling and subsistence allowances) as the board may determine after consultation with the voting shareholders.\n> \n> > (4) The board may, after consultation with the voting shareholders, fix the conditions of employment of the chief executive officer in so far as they are not fixed by or under any other Act or law.\n> \n> > (5) The chief executive officer may delegate any functions of the chief executive officer to an employee of the Corporation, but this power is subject to any directions of the board.\n> \n> > (6) The [Government Sector Employment Act 2013](/view/html/inforce/current/act-2013-040) (Part 6 included) does not apply to the chief executive officer.\n> \n> > (7) Schedule 9 to the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134) has effect with respect to the chief executive officer, subject to subsection (8).\n> \n> > (8) The provisions of section 20K of the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134), and of clauses 2, 3 and 6 of Schedule 9 to that Act, do not apply to the chief executive officer.\n> \n> **s 9:** Am 2015 No 58, Sch 3.55.","sortOrder":10},{"sectionNumber":"10","sectionType":"section","heading":"Acting chief executive officer","content":"#### 10 Acting chief executive officer\n\n10 Acting chief executive officer\n\n> > (1) The board may, from time to time, appoint a person to act in the office of chief executive officer during the illness or absence of the chief executive officer.\n> \n> > (2) The board may remove a person from office as acting chief executive officer, at any time, for any or no reason and without notice.\n> \n> > (3) A person, while acting in the office of chief executive officer:\n> > \n> > > (a) has all the functions of the chief executive officer and is taken to be the chief executive officer, and\n> > \n> > > (b) is entitled to be paid such remuneration (including travelling and subsistence allowances) as the board may determine after consultation with the voting shareholders.\n> \n> > (4) For the purposes of this section, a vacancy in the office of a chief executive officer is regarded as an absence from office.\n> \n> > (5) Clause 5 of Schedule 9 to the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134) does not apply to an acting chief executive officer of the Corporation.","sortOrder":11},{"sectionNumber":"Part 3","sectionType":"part","heading":"Accountability","content":"# Part 3 Accountability\n\nPart 3 Accountability","sortOrder":12},{"sectionNumber":"11","sectionType":"section","heading":"Statement of priorities to be provided by portfolio Minister","content":"#### 11 Statement of priorities to be provided by portfolio Minister\n\n11 Statement of priorities to be provided by portfolio Minister\n\n> > (1) The portfolio Minister may provide to the board of the Corporation, from time to time, a written statement of priorities for the Corporation and its subsidiaries (if any).\n> \n> > (2) A statement of priorities is to specify, in respect of any specified financial year or years:\n> > \n> > > (a) the urban management priorities for the Corporation and its subsidiaries, expressed in broad terms, as proposed by the portfolio Minister, and\n> > \n> > > (b) the projects, activities or outcomes to be undertaken or achieved by the Corporation as proposed by the portfolio Minister.\n> \n> > (3) The portfolio Minister must provide the statement of priorities to the board no less than 2 months before the commencement of:\n> > \n> > > (a) the financial year to which the statement of priorities relates, or\n> > \n> > > (b) if the statement of priorities relates to more than one financial year, the first of those financial years.\n> \n> > (4) Section 12 does not apply in respect of a statement of priorities unless it is provided to the board of the Corporation within the time required by subsection (3).","sortOrder":13},{"sectionNumber":"12","sectionType":"section","heading":"Implementation of statement of priorities","content":"#### 12 Implementation of statement of priorities\n\n12 Implementation of statement of priorities\n\n> > (1) The board of the Corporation may decide to accept the statement of priorities provided by the portfolio Minister, but only with the approval of the voting shareholders.\n> \n> > (2) A decision to accept the statement of priorities may be made subject to such conditions or modifications to the statement as are agreed between the board and the voting shareholders.\n> \n> > (3) A decision not to accept the statement of priorities may be made by the board only with the approval of the voting shareholders.\n> \n> > (4) If a decision is made not to accept the statement of priorities provided by the portfolio Minister, or to accept the statement subject to conditions or modifications, the voting shareholders must notify the portfolio Minister of that decision and the reasons for it.\n> \n> > (5) In preparing a statement of corporate intent under section 21 of the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134) for any period to which a statement of priorities relates, the board is to have regard to the statement of priorities, to the extent to which that statement has been accepted by the board.\n> \n> > (6) A copy of the statement of priorities is to be attached to the completed statement of corporate intent when it is laid before each House of Parliament under section 26 of the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134), together with a copy of a statement prepared by the board that indicates:\n> > \n> > > (a) whether the statement of priorities has been accepted by the board, and\n> > \n> > > (b) any conditions or modifications to which that acceptance is subject.\n> \n> > (7) The board is to provide to the portfolio Minister, within 6 months after the end of each financial year in respect of which a statement of priorities has been provided to the board, a report that:\n> > \n> > > (a) identifies the extent to which the priorities, projects, activities or outcomes set out in the statement of priorities, to the extent accepted by the board, have been undertaken or achieved by the Corporation in the financial year, and\n> > \n> > > (b) sets out the reasons for any failure to undertake or achieve those accepted priorities, projects, activities or outcomes.","sortOrder":14},{"sectionNumber":"13","sectionType":"section","heading":"Modification or revocation of acceptance of priorities","content":"#### 13 Modification or revocation of acceptance of priorities\n\n13 Modification or revocation of acceptance of priorities\n\n> > (1) The board of the Corporation may at any time revoke or modify its acceptance of a statement of priorities provided by the portfolio Minister, but only with the approval of the voting shareholders.\n> \n> > (2) If a decision is made by the board to revoke or modify its acceptance of a statement of priorities, the voting shareholders are to notify the portfolio Minister of that decision and the reasons for it.\n> \n> > (3) A Minister is required to lay, or cause to be laid, before each House of Parliament a copy of a statement prepared by the board indicating the effect of the revocation or modification within 14 sitting days after the revocation or modification is made.","sortOrder":15},{"sectionNumber":"14","sectionType":"section","heading":"Environmental reporting indicators","content":"#### 14 Environmental reporting indicators\n\n14 Environmental reporting indicators\n\n> > (1) The portfolio Minister is from time to time to adopt environmental reporting indicators, including environmentally sustainable development indicators, for use by the Corporation.\n> \n> > (2) The indicators must include a methodology for making comparisons to international best practice in environmentally sustainable residential, commercial and industrial development.\n> \n> > (3) Before adopting any environmental reporting indicators, the portfolio Minister:\n> > \n> > > (a) must cause notice of the proposed indicators to be published in a daily newspaper circulating throughout the State, and\n> > \n> > > (b) must cause copies of the proposed indicators to be made available for public inspection on the Corporation’s website and at each of the offices of the Corporation, and\n> > \n> > > (c) must allow a period of at least 30 days for members of the public to send written comments to the portfolio Minister in relation to the proposed indicators, and\n> > \n> > > (d) must take any such comments into consideration.\n> \n> > (4) The Corporation must monitor its activities against the environmental reporting indicators and must compile data on those indicators.\n> \n> > (5) The Corporation is to publish an annual report that sets out the results of the monitoring referred to in subsection (4).\n> \n> > (6) Copies of the report are to be made available for public inspection on the Corporation’s website and at each of the offices of the Corporation.","sortOrder":16},{"sectionNumber":"15","sectionType":"section","heading":"Acquisition and disposal of real property assets","content":"#### 15 Acquisition and disposal of real property assets\n\n15 Acquisition and disposal of real property assets\n\n> > (1) The Corporation or any of its subsidiaries may not acquire or dispose of any real property asset that has a value exceeding $30 million, or such alternative amount (if any) as is specified in the most recent statement of corporate intent of the Corporation, without the prior written approval of the voting shareholders.\n> \n> > (2) For the purposes of subsection (1):\n> > \n> > > (a) the value of any real property asset to be acquired is the cost price of the asset, and\n> > \n> > > (b) the value of any real property asset to be disposed of is the book value or the consideration for the disposal, whichever is the greater.\n> \n> > (3) In seeking the approval of the voting shareholders under this section, the Corporation or subsidiary is required to provide the voting shareholders with such information as they require, including such kinds of information (if any) as are prescribed by the regulations under this Act.\n> \n> > (4) The voting shareholders may, by written notice, direct the Corporation or its subsidiaries not to dispose of any specified real property asset.\n> \n> > (5) The requirements of subsection (1) do not apply in the following circumstances:\n> > \n> > > (a) if the acquisition or disposal is expressly authorised by the most recent statement of corporate intent of the Corporation,\n> > \n> > > (b) in such circumstances as may be specified in a written notice given to the Corporation or a subsidiary of the Corporation by the Treasurer.\n> \n> > (6) The Treasurer may not give such a notice unless satisfied that the requirements are incapable of application to the Corporation or subsidiary in the circumstances or would apply to it in a clearly inappropriate manner.\n> \n> > (7) The Corporation or any of its subsidiaries may not acquire or dispose of any real property asset in contravention of any requirements of the regulations under this Act.\n> \n> > (8) Section 20X of the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134), in its application to the Corporation, does not apply in respect of any real property asset.\n> > \n> > Note—\n> > \n> > Section 20X of the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134) provides for restrictions on the acquisition and disposal of fixed assets and investments and liabilities by a statutory state owned corporation.\n> \n> > (9) In this section:\n> > \n> > real property asset means any inventory asset that comprises a legal or equitable estate or interest in real property.","sortOrder":17},{"sectionNumber":"Part 4","sectionType":"part","heading":"Miscellaneous","content":"# Part 4 Miscellaneous\n\nPart 4 Miscellaneous","sortOrder":18},{"sectionNumber":"16","sectionType":"section","heading":"Application of State Owned Corporations Act 1989","content":"#### 16 Application of State Owned Corporations Act 1989\n\n16 Application of [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134)\n\n> The provisions of this Act are in addition to and (except to the extent to which this Act provides) do not derogate from the provisions of the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134).","sortOrder":19},{"sectionNumber":"17","sectionType":"section","heading":"Transfer of specified assets, rights and liabilities","content":"#### 17 Transfer of specified assets, rights and liabilities\n\n17 Transfer of specified assets, rights and liabilities\n\n> > (1) The Minister may, by order in writing, transfer to the Corporation such of the assets, rights and liabilities of the following corporations as are specified or referred to in the order:\n> > \n> > > (a) the New South Wales Land and Housing Corporation,\n> > \n> > > (b) the Ministerial Development Corporation.\n> \n> > (2) Such an order may be made on such terms and conditions as are specified in the order.\n> \n> > (3) Schedule 1 applies to a transfer under this section.","sortOrder":20},{"sectionNumber":"18","sectionType":"section","heading":"Transfer of staff","content":"#### 18 Transfer of staff\n\n18 Transfer of staff\n\n> Schedule 2 has effect.","sortOrder":21},{"sectionNumber":"19","sectionType":"section","heading":"Regulations","content":"#### 19 Regulations\n\n19 Regulations\n\n> The Governor may make regulations, not inconsistent with this Act, for or with respect to any matter that by this Act is required or permitted to be prescribed or that is necessary or convenient to be prescribed for carrying out or giving effect to this Act.","sortOrder":22},{"sectionNumber":"20","sectionType":"section","heading":null,"content":"#### 20\n\n20 (Repealed)","sortOrder":23},{"sectionNumber":"21","sectionType":"section","heading":"Savings, transitional and other provisions","content":"#### 21 Savings, transitional and other provisions\n\n21 Savings, transitional and other provisions\n\n> Schedule 4 has effect.","sortOrder":25},{"sectionNumber":"22","sectionType":"section","heading":"Review of Act","content":"#### 22 Review of Act\n\n22 Review of Act\n\n> > (1) The Minister is to review this Act to determine whether the policy objectives of the Act remain valid and whether the terms of the Act remain appropriate for securing those objectives.\n> \n> > (2) The Minister is to make arrangements for public comment on the Act and consider those comments as part of the review.\n> \n> > (3) The review is to be undertaken as soon as possible after the period of 5 years from the date of assent to this Act.\n> \n> > (4) A report on the outcome of the review is to be tabled in each House of Parliament within 12 months after the end of the period of 5 years.","sortOrder":26},{"sectionNumber":"Schedule 1","sectionType":"schedule","heading":"Transfer of assets, rights and liabilities","content":"# Schedule 1 Transfer of assets, rights and liabilities\n\nSchedule 1 Transfer of assets, rights and liabilities\n\n(Section 17 (3))","sortOrder":27},{"sectionNumber":"Schedule 2","sectionType":"schedule","heading":"Transfer of staff","content":"# Schedule 2 Transfer of staff\n\nSchedule 2 Transfer of staff\n\n(Section 18)\n\n**sch 2:** Am 2010 No 54, Sch 3.7.","sortOrder":34},{"sectionNumber":"Schedule 3","sectionType":"schedule","heading":null,"content":"# Schedule 3\n\nSchedule 3 (Repealed)\n\n**sch 3:** Rep 2003 No 82, Sch 3.","sortOrder":39},{"sectionNumber":"Schedule 4","sectionType":"schedule","heading":"Savings, transitional and other provisions","content":"# Schedule 4 Savings, transitional and other provisions\n\nSchedule 4 Savings, transitional and other provisions\n\n(Section 21)","sortOrder":40}],"analysis":{"summary":{"complexity_score":4,"scope_assessment":{"changed":true,"description":"The existence of four distinct versions (amended in 2003, 2010, and 2016) strongly suggests the scope or structure of Landcom's powers and operations changed from its original 2001 form. The 2010 amendment is particularly notable as it coincides with broader NSW government reforms to state-owned corporations. However, without access to the full text of each version, the precise nature of scope changes cannot be confirmed."},"complexity_factors":["The document provided is primarily a metadata/status page — the full substantive text of the Act is not reproduced, making complete analysis impossible","Government-owned corporation legislation typically involves intersecting corporate law, public sector accountability rules, and planning/land use law","Multiple amendments across four distinct versions (2001, 2003, 2010, 2016) suggest the Act's scope and structure have evolved over time","Oversight by the Minister for Planning and Public Spaces links the Act to a broader regulatory framework including planning legislation","The Act operates within the NSW State Owned Corporations framework, which adds a layer of governance complexity"],"plain_english_summary":"## Landcom Corporation Act 2001 (NSW)\n\n**What is this?**\nThis is a New South Wales law that established **Landcom** — a government-owned corporation that develops land (primarily for housing and urban development) on behalf of the NSW Government.\n\n**Who does it affect?**\n- **NSW residents and homebuyers**: Landcom develops residential land and housing, so its activities directly affect housing supply and affordability in NSW.\n- **Property developers and builders**: Landcom operates in the same market and may partner with or compete against private developers.\n- **Local councils**: Land development in their areas may be driven or influenced by Landcom's projects.\n- **NSW taxpayers**: As a government corporation, Landcom's financial performance and activities are ultimately a public interest matter.\n\n**Why does it matter?**\nLandcom acts as the government's land development arm — it can acquire, develop, and sell land to help meet housing targets, particularly in growth areas. Because it's government-owned, it can pursue social objectives (like affordable housing) alongside commercial ones.\n\n**Note on this document**: The version available here is largely a metadata/status page from the NSW legislation website. The substantive provisions of the Act (its actual rules and powers) are not fully reproduced in the text provided, limiting the depth of analysis possible."},"flash_summary":{"complexity_score":5,"scope_assessment":{"changed":false,"description":"The supplied text does not indicate that the Act’s substantive scope has been altered from its original enactment. The Act itself establishes Landcom, sets objectives, functions, governance arrangements, transfer and staff-transfer mechanisms, reporting requirements and review requirements (notably the Ministerial review to occur after five years) (ss 5–7, 8–10, 11–15, 17–18, 22). No amendment or repeal language within the supplied text indicates a change of scope."},"complexity_factors":["Multiple cross-references to other Acts (State Owned Corporations Act 1989; Protection of the Environment Administration Act 1991; Government Sector Employment Act 2013; Industrial Relations Act 1996) which determine applicability and exclusions (ss 3, 6(1)(c), 8(6), 9(6), sch 2 cl 2).","Layered approval and consultation requirements involving the portfolio Minister, voting shareholders and the board for priorities, corporate intent and large property transactions (ss 11–13, 15).","A monetary threshold rule for real property transactions with specified valuation rules and exceptions that can be modified by statement of corporate intent or Treasurer’s notice (s 15).","Lengthy transfer mechanics in Schedule 1 that vest assets, rights and liabilities by order and remove certain contractual remedies and tax charges, with detailed effects on proceedings and references (Schedule 1 cls 2–6).","Staff transfer provisions that preserve pre-existing employment conditions while excluding particular industrial relations provisions from applying to the Corporation (Schedule 2 cl 2).","Mandated environmental reporting indicators with prescribed public consultation steps and an annual monitoring and publication requirement (s 14).","Multiple places where Ministerial and shareholder discretion intersect, creating potential for coordination complexity (ss 11–13, 15, 17)."],"plain_english_summary":"What this law does (mechanics)\n\n- Creates a statutory state-owned corporation called Landcom and adds it to the State Owned Corporations Act framework (s 5).\n\n- Sets Landcom’s principal objectives. Those objectives include operating as a successful business and maximising the State’s net worth in it, while also having regard to community interests, environmental protection under the ecologically sustainable development principles in the Protection of the Environment Administration Act 1991, regional development, assistance with strategic or complex urban development projects, helping the Government meet urban management objectives, and acting as a responsible developer of land. All listed objectives are of equal importance (s 6).\n\n- Defines Landcom’s functions: to undertake and participate in residential, commercial, industrial and mixed development projects and to provide urban development advice and services on a commercial basis to government agencies and others. It may also run ancillary facilities or other businesses that further its objectives (s 7).\n\n- Establishes governance and staffing arrangements: a board of seven directors appointed by the Governor on the recommendation of the voting shareholders (who must consult the portfolio Minister before recommending appointments); the board appoints and may remove the chief executive officer after consultation with voting shareholders and the portfolio Minister; certain public sector employment provisions do not apply to Landcom’s directors and chief executive officer (ss 8–10).\n\n- Provides a formal mechanism for the portfolio Minister to set broad priorities. The Minister may issue a written statement of priorities for specified financial years (urban management priorities and proposed projects/outcomes). The board may accept or reject that statement only with the approval of the voting shareholders. If the board accepts subject to conditions or rejects it, the voting shareholders must notify the portfolio Minister, and the statement (and the board’s response) is to be attached to the corporation’s statement of corporate intent and reported alongside corporate intent laid before Parliament (ss 11–13, 21 as cross-referenced).\n\n- Requires environmental reporting indicators to be adopted by the portfolio Minister (including a methodology for international best-practice comparison), with public notice and a 30-day comment period before adoption. Landcom must monitor against those indicators and publish an annual report; the report must be publicly available (s 14).\n\n- Limits Landcom’s real property transactions: Landcom (and its subsidiaries) may not acquire or dispose of any real property asset with value exceeding $30 million (or another amount set in the corporation’s most recent statement of corporate intent) without prior written approval of the voting shareholders. The Act prescribes how value is measured and allows the Treasurer to specify exceptions in writing in clearly defined circumstances; the voting shareholders can also direct Landcom not to dispose of specified assets (s 15).\n\n- Allows the Minister to transfer specified assets, rights and liabilities from the New South Wales Land and Housing Corporation and the Ministerial Development Corporation to Landcom, on terms set by order. The Schedule supplies vesting provisions that operate without further conveyance, carry over proceedings, and treat prior acts as if done by Landcom. The Schedule also limits the right to compensation except as the order provides, and exempts such transfers from State tax (s 17 and Schedule 1).\n\n- Permits transfer of certain Department of Urban Affairs and Planning staff to Landcom and preserves existing statutory and award conditions for transferred staff until other arrangements are made; transferred staff retain accrued leave entitlements. The Schedule also prevents double-claiming of the same benefit (Schedule 2).\n\n- Provides for regulations and a statutory review of the Act to be conducted by the Minister about five years after assent, with public comment and a report to Parliament (ss 19, 22).\n\nWho pays, who decides, and what changes in behaviour\n\n- Who pays / bears costs: Landcom will incur compliance and reporting costs (preparing corporate intent attachments, annual environmental monitoring reports, complying with approvals and information requests from voting shareholders) (ss 12(6), 12(7), 14(4)–(6), 15(3)). If assets or staff are transferred by Ministerial order, the order may specify consideration or terms; the Schedule allows the Minister to specify values and the order to set terms (s 17; Schedule 1 cl 4). Any tax exemptions for transfers are set out in Schedule 1 (cl 5).\n\n- Who decides / exercises discretion: the portfolio Minister sets priorities and environmental indicators subject to public notice and comment (ss 11, 14). Voting shareholders have decisive approval powers over acceptance of ministerial priorities and major real property transactions above the monetary threshold (ss 12(1),(3), 15(1)). The Treasurer can issue narrowly defined notices exempting the corporation from the approval requirement in specified circumstances (s 15(5)–(6)). The Minister can transfer assets and staff to Landcom and set terms by order (s 17; Schedule 1; Schedule 2).\n\n- Behavioural effects and trade-offs: the Act directs Landcom to pursue commercial success while also meeting community, environmental and regional development objectives, all of equal importance (s 6). The approval requirements for large property transactions and the requirement to have ministerial priorities considered in corporate intent create multiple decision points and reporting obligations that constrain unilateral action by the board and management (ss 11–13, 15). The environmental indicators and public reporting create monitoring and transparency obligations that can influence development choices (s 14).\n\nCompliance burden, implementation risk and trade-offs\n\n- Compliance/reporting burden: preparing and attaching priority statements to corporate intent, annual environmental monitoring/reporting, providing information to voting shareholders when seeking approvals, and following prescribed consultation steps for environmental indicators impose ongoing administrative work (ss 12(5)–(7), 14(3)–(6), 15(3)).\n\n- Bureaucratic discretion and central controls: voting shareholders, the portfolio Minister and, in limited circumstances, the Treasurer exercise decisions that affect Landcom’s commercial actions (ss 11–15, 17). Those actors’ decisions determine which priorities are accepted and which large property transactions proceed.\n\n- Transfer mechanics and effect on third parties: transfers of assets and liabilities by Ministerial order vest property and liabilities in Landcom without further conveyancing and without creating civil wrongs or causing contract defaults by reason of the change of ownership (Schedule 1 cl 2). This creates legal continuity but also limits claims for compensation except as provided in the order (Schedule 1 cls 2–6).\n\nWhy it matters (official rationale and practical implications)\n\n- Officially, the Act creates a commercially focused development corporation that also carries explicit social, environmental and regional responsibilities (s 6). Practically, the Act sets up a corporate vehicle that can compete in development markets and provide services commercially (s 7) while being subject to shareholder and ministerial oversight, reporting obligations and approval ceilings on large real property transactions (ss 7, 11–15). These mechanics change how decisions about urban development projects, asset transfers and staff moves are made and reported, and allocate approval powers to identified State actors."},"issue_detection":{"absurdities":[],"contradictions":[]},"kimi_summary":{"_metrics":{"source":"grok-batch-everything"},"content_quality":"ok","complexity_score":6,"scope_assessment":{"changed":false,"description":"The legislation's scope remains aligned with its original 2001 intent to constitute Landcom as a statutory state owned corporation, transfer functions and assets from predecessor bodies (NSW Land and Housing Corporation and Ministerial Development Corporation), and regulate its commercial urban development and advisory activities while imposing social, environmental and accountability obligations. No significant expansion beyond these urban management and development purposes is evident."},"complexity_factors":["Extensive cross-references to and modifications of the State Owned Corporations Act 1989 appearing in almost every operative provision (ss 3(2), 5(2), 6(3), 7(3), 8(5)–(8), 9(3)–(8), 10(5), 12(5)–(6), 15(8), 16 and Schedules)","Layered accountability regime in Part 3 requiring ministerial statements of priorities, board acceptance only with voting-shareholder approval, conditional modifications, parliamentary tabling and post-year reporting","Detailed mechanical schedules governing asset/liability transfers (Schedule 1), staff transfers from the former Department of Urban Affairs and Planning (Schedule 2) and savings/transitional rules (Schedule 4)","Multiple carve-outs and non-applications (e.g. ss 8(8), 9(8), 10(5), 15(8)) that require readers to compare two statutes side-by-side"],"plain_english_summary":"**The Landcom Corporation Act 2001** creates Landcom as a government-owned business (a statutory state owned corporation) that develops land for homes, shops, factories and mixed-use areas in New South Wales. It also lets Landcom sell expert advice and services about city planning to government departments and private clients on normal commercial terms.\n\nThe law lists seven equally important goals for Landcom (see section 6). These include running efficiently and increasing the value of the State’s investment, acting in a socially responsible way that considers local communities, protecting the environment using ecologically sustainable development principles, supporting regional growth, handling big or difficult urban projects on behalf of the Government, helping the Government meet its city-planning targets, and acting as a responsible land developer.\n\nLandcom’s main jobs (section 7) are to carry out or join in residential, commercial, industrial and mixed developments, and to offer urban-development advice and services for money. It can also do extra related work if that helps its goals. The Act sets up a seven-person board of directors appointed by the Governor, a chief executive officer, and rules for acting CEOs. It creates special accountability rules: the planning minister can issue a “statement of priorities” that the board can accept (with shareholder approval), and Landcom must report each year on how well it met those priorities and on environmental performance using public indicators.\n\nThere are strict rules on buying or selling land or buildings worth more than $30 million (or whatever limit is in its latest corporate plan) – voting shareholders must approve most deals. The Act also explains how to move land, contracts, money and staff from older government bodies (such as the old NSW Land and Housing Corporation or the Ministerial Development Corporation) into the new Landcom without breaking contracts or triggering taxes. It works alongside the general **State Owned Corporations Act 1989** but adds extra rules and carves out some parts of that Act that do not apply.\n\nOverall the law matters because it turns what used to be a government department-style land developer into a commercially focused but still publicly accountable body that must balance profit, community needs and environmental protection when shaping new suburbs and precincts."}},"importantCases":[],"_links":{"self":"/api/acts/landcom-corporation-act-2001","history":"/api/acts/landcom-corporation-act-2001/history","analysis":"/api/acts/landcom-corporation-act-2001/analysis","conflicts":"/api/acts/landcom-corporation-act-2001/conflicts","importantCases":"/api/acts/landcom-corporation-act-2001/important-cases","documents":"/api/acts/landcom-corporation-act-2001/documents"}}