19Limitation upon the Secretary's power to make contracts

19 Limitation upon the Secretary's power to make contracts (1) In this section ***prescribed amount*** means— (a) $50 000; or (b) if a greater amount is prescribed for the purposes of this section, that greater amount. S. 19(2) amended by No. 76/1998 s. 3(1)(j). (2) A contract or agreement entered into by the Secretary where— (a) the consideration exceeds the prescribed amount; or (b) the period for performance exceeds three years— has no force or effect unless approved by the Minister. (3) This section does not apply to a land management co-operative agreement under Part 8. S. 20 amended by No. 76/1998 s. 3(1)(j).