Economic Development Act 2012
sec.18Selling surplus property
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sec.18 Selling surplus property
This section applies if MEDQ holds land or other property ( surplus property ) that it does not require, or no longer requires, for carrying out its functions under this Act. MEDQ may sell the surplus property at its market value— by public tender or auction; or by private treaty; or to a Commonwealth or State entity, or a local government, in priority to all other entities; or in any other way prescribed under a regulation. In this section— Commonwealth or State entity means— a department of the Government of the Commonwealth or the State; or a statutory body constituted under an Act of the Commonwealth or the State. (sec.18-ssec.1) This section applies if MEDQ holds land or other property ( surplus property ) that it does not require, or no longer requires, for carrying out its functions under this Act. (sec.18-ssec.2) MEDQ may sell the surplus property at its market value— by public tender or auction; or by private treaty; or to a Commonwealth or State entity, or a local government, in priority to all other entities; or in any other way prescribed under a regulation. (sec.18-ssec.3) In this section— Commonwealth or State entity means— a department of the Government of the Commonwealth or the State; or a statutory body constituted under an Act of the Commonwealth or the State.
- (a) by public tender or auction; or
- (b) by private treaty; or
- (c) to a Commonwealth or State entity, or a local government, in priority to all other entities; or
- (d) in any other way prescribed under a regulation.
- (a) a department of the Government of the Commonwealth or the State; or
- (b) a statutory body constituted under an Act of the Commonwealth or the State.