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Development Victoria Act 2003
15Approval required for acquisition of private land
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15 Approval required for acquisition of private land
S. 15(1) amended by No. 10/2017 s. 24(2).
(1) Despite section 8, Development Victoria must obtain the approval of the Minister and the Treasurer before purchasing, taking on transfer or otherwise acquiring land if the value of the land exceeds $5 000 000.
(2) This section does not apply to land—
(a) acquired under the Docklands Act 1991; or
(b) acquired under Part 3 of this Act; or
S. 15(2)(c) amended by No. 10/2017 s. 14.
(c) owned by the Crown, a public statutory body, a municipal council or the Commonwealth.