1Aboriginal and Torres Strait Islander Commission (Protection of Assets) Directions 2005

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Aboriginal and Torres Strait Islander Commission (Protection of Assets) Directions 2005

I, AMANDA ELOISE VANSTONE, Minister for Immigration and Multicultural and Indigenous Affairs, give these Directions to the Aboriginal and Torres Strait Islander Commission under subsection 12(1) of the Aboriginal and Torres Strait Islander Commission Act 1989.

Dated 28 January 2005

AMANDA VANSTONE

Minister for Immigration and Multicultural and Indigenous Affairs

1 Name of Directions

These Directions are the Aboriginal and Torres Strait Islander Commission (Protection of Assets) Directions 2005 .

2 Commencement

These Directions commence when they are given to the Aboriginal and Torres Strait Islander Commission.

3 Definition

In this Direction:

Commission means the Aboriginal and Torres Strait Islander Commission;

Asset means property of any kind excluding interests in land as defined by the Lands Acquisition Act 1989.

4 Commission may dispose of assets

The Commission may sell, exchange, barter, or otherwise dispose of, any of its assets if, and only if, the condition set out in clause 5 is satisfied.

5 Notification of the Minister

The Commission must not sell, exchange, barter or otherwise dispose of any of its assets unless the Commission has given the Minister 30 days notice, in writing, of its intention to do so.