What it does
This Act authorises a specific land exchange and sale concerning the Parish of All Saints, Hobart, notwithstanding the historic trusts contained in an 1861 Indenture. The Corporate Trustee, defined as The Trustees of the Diocese of Tasmania (s 3), may, with the consent of the Parish Rector and Churchwardens, sell by private contract the parcel shown as lot 3 on the Schedule 2 plan in exchange for the parcel shown as lot 2 (s 4(1)). The Act expressly disapplies (for its purposes) a constraint in the Indenture by permitting the Corporate Trustee to exercise, in addition to other powers, the powers conferred on trustees for sale under the Trustee Act 1898, except the powers under section 15 of that Act (s 4(2)). The Local Government (Building and Miscellaneous Provisions) Act 1993 is applied to all land in the plan (s 5(1)), and the Corporate Trustee may grant a drainage easement to Hobart City Council and comply with council-imposed subdivision approval conditions under that Act (s 5(2)(a)-(b)). On completion of the exchange, the Act prescribes how lots merge and how trusts are allocated: lot 2 adheres to lot 4 and becomes subject to the Indenture trusts, while lot 3 adheres to lot 1 and is freed and discharged from those trusts (s 6). Any net proceeds of sale under the Act must be applied by the Corporate Trustee for the benefit of the Parish (s 7). The Act states that the powers it confers are additional to any powers vested under the Indenture (s 8). The Schedules reproduce the 1861 memorial of the Indenture and the plan of survey referenced in the operative provisions.
Mechanically, the Act overrides the trust restriction that would otherwise prevent the transfer or reconfiguration of the land described in the plan, establishes a procedure and limits for trustee powers in the transactional context, imports the municipal planning regime for subdivision and related conditions, mandates the disposition of net sale proceeds for parish benefit, and effects title consequences through the statutory merger and discharge provisions.
