{"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":{"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":"The Act creates a new state-owned corporation, Landcom, to carry out residential, commercial and mixed development commercially while explicitly pursuing community, environmental and regional objectives. It sets corporate governance, staffing and ministerial-shareholder oversight arrangements.\n\nSignificant controls include ministerial priority-setting, required environmental indicators and public reporting, and shareholder approval for large property transactions; the Act also enables transfer of assets and staff to Landcom and imposes ongoing compliance and reporting obligations."},"issue_detection":{"absurdities":[],"contradictions":[]},"kimi_summary":{"content_quality":"ok","complexity_score":5,"scope_assessment":{"changed":false,"description":"The legislation appears consistent with its original purpose of establishing Landcom as a statutory corporation with mixed commercial and public policy objectives. The scope remains focused on land development, urban planning assistance, and the specific governance framework for this entity. No significant mission creep is evident in the core provisions."},"complexity_factors":["Extensive cross-referencing to the State Owned Corporations Act 1989 (at least 15 explicit references), requiring readers to consult that Act to understand board procedures, CEO arrangements, and accountability mechanisms","Nested conditional logic in sections 11-13 regarding statements of priorities — involving timing requirements, approval hierarchies (board + voting shareholders), acceptance conditions, modification procedures, and parliamentary reporting obligations","Multiple exceptions and carve-outs from the State Owned Corporations Act (sections 6(3), 8(6), 8(8), 9(6), 9(8), 10(5), 15(8)) that modify standard corporate governance rules","Dual valuation methods for property disposals in section 15(2)(b) requiring comparison of book value versus consideration","Complex transfer mechanics in Schedules 1 and 2 involving automatic vesting of assets, preservation of employment conditions, and savings provisions for accrued leave","Interaction between this Act, the State Owned Corporations Act 1989, the Government Sector Employment Act 2013, and the Industrial Relations Act 1996 regarding staff conditions"],"plain_english_summary":"**What this law does:**\n\nThis Act creates **Landcom** — a government-owned company (called a \"statutory State owned corporation\") that develops land in New South Wales. Think of it as a property developer that happens to be owned by the state government.\n\n**Who it affects:**\n\n- **Landcom itself** — the Act sets up how it operates, who runs it, and what it's supposed to achieve\n- **The NSW Government** — ministers can set priorities for Landcom's projects, and the Treasurer and voting shareholders (typically the Premier and Treasurer) control major property deals over $30 million\n- **Staff transferred from government departments** — employees moved from the old Department of Urban Affairs and Planning keep their existing pay and leave entitlements\n- **The public** — Landcom must report on environmental performance and make those reports publicly available\n\n**Key things the law covers:**\n\n- **Multiple bottom lines:** Landcom must make money *and* care about social responsibility, the environment, and regional development — with all these goals ranked equally important\n- **Government direction:** The relevant minister can issue \"statements of priorities\" telling Landcom what urban projects to focus on, but Landcom's board (with shareholder approval) can accept, reject, or modify these\n- **Property deals:** Landcom needs written approval for buying or selling property worth more than $30 million (or a different amount set in its corporate plan)\n- **Environmental accountability:** The minister sets environmental indicators; Landcom must monitor itself against these and publish annual results\n- **Staff protection:** People transferred from the public service keep their existing employment conditions and accrued leave\n\n**Why it matters:**\n\nThis law tries to balance commercial property development with public policy goals. Landcom isn't just supposed to maximise profit — it must also build sustainably, help regional areas, and respond to government urban planning priorities. The Act creates a unique accountability structure where the board has some independence from ministerial direction (unlike typical government agencies), but ministers can still steer major strategic decisions."},"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."}},"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"}}