191JDisposal of surplus land or water‑related rights

#### 191J Disposal of surplus land or water‑related rights When section applies (1) This section applies if: (a) either: (i) the Indigenous Land and Sea Corporation has acquired an interest in land or a water‑related right: (A) under paragraph 191D(1)(b); or (B) by way of a gift, grant, bequest or devise made to it; or (ii) a subsidiary of the Indigenous Land and Sea Corporation has acquired an interest in land or a water‑related right: (A) as a result of the performance by it of the function corresponding to the function of the Indigenous Land and Sea Corporation referred to in paragraph 191D(1)(b); or (B) by way of a gift, grant, bequest or devise made to it for the purpose of the performance by it of the function corresponding to the function of the Indigenous Land and Sea Corporation referred to in paragraph 191D(1)(a); and (b) the Indigenous Land and Sea Corporation or the subsidiary, as the case requires, considers that it no longer needs to hold the interest or right for the purpose of making a grant of the interest or right to an Aboriginal or Torres Strait Islander corporation within a reasonable time after that acquisition. Disposal of surplus land or rights (2) The Indigenous Land and Sea Corporation or the subsidiary, as the case requires, may dispose of the interest or right to a person or body.