Economic Development Act 2012
sec.122ACContent of housing agreement
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sec.122AC Content of housing agreement
A housing agreement must— if responsibilities under the agreement would be affected by a change in the ownership of premises that are the subject of the agreement—include a statement about how the responsibilities must be fulfilled in that event; and if the fulfilment of responsibilities under the agreement depends on development entitlements that may be affected by a planning change—include a statement about— refunding or reimbursing amounts paid under the agreement; and changing or cancelling the responsibilities if the development entitlements are changed without the consent of the person required to fulfil the responsibilities; and include any other matter prescribed by regulation. A housing agreement may require the provision of security to MEDQ to secure compliance with the agreement. s 122AC ins 2024 No. 32 s 40 (sec.122AC-ssec.1) A housing agreement must— if responsibilities under the agreement would be affected by a change in the ownership of premises that are the subject of the agreement—include a statement about how the responsibilities must be fulfilled in that event; and if the fulfilment of responsibilities under the agreement depends on development entitlements that may be affected by a planning change—include a statement about— refunding or reimbursing amounts paid under the agreement; and changing or cancelling the responsibilities if the development entitlements are changed without the consent of the person required to fulfil the responsibilities; and include any other matter prescribed by regulation. (sec.122AC-ssec.2) A housing agreement may require the provision of security to MEDQ to secure compliance with the agreement.
- (a) if responsibilities under the agreement would be affected by a change in the ownership of premises that are the subject of the agreement—include a statement about how the responsibilities must be fulfilled in that event; and
- (b) if the fulfilment of responsibilities under the agreement depends on development entitlements that may be affected by a planning change—include a statement about— (i) refunding or reimbursing amounts paid under the agreement; and (ii) changing or cancelling the responsibilities if the development entitlements are changed without the consent of the person required to fulfil the responsibilities; and
- (i) refunding or reimbursing amounts paid under the agreement; and
- (ii) changing or cancelling the responsibilities if the development entitlements are changed without the consent of the person required to fulfil the responsibilities; and
- (c) include any other matter prescribed by regulation.
- (i) refunding or reimbursing amounts paid under the agreement; and
- (ii) changing or cancelling the responsibilities if the development entitlements are changed without the consent of the person required to fulfil the responsibilities; and