1Purpose

1 Purpose

The main purpose of this Act is to establish Development Victoria for the following purposes—

(a) to carry out, manage or co-ordinate the carrying out of property development and social and economic capital works projects that have the objective of optimising the social and economic value of—

(i) surplus and underutilised Crown land; and

(ii) other Crown land or public land;

(b) to provide technical and commercial advice in respect of property development and social and economic capital works projects referred to in paragraph (a) to Departments and public statutory bodies;

(c) to undertake new declared projects, and complete existing declared projects;

(d) to complete certain existing government and government agency projects;

(e) to complete the development of the Docklands area.