Economic Development Act 2012
sec.19Conditional disposal of land or other property
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sec.19 Conditional disposal of land or other property
MEDQ may impose a condition or restriction on the disposal of land or other property to an entity (a transferee ) by MEDQ. Without limiting subsection (1) , MEDQ and a transferee may agree that the transferee— must make stated improvements to the land or property; or must undertake a stated activity, within a stated period, in relation to the land or property; or is subject to stated restrictions on the transfer of or dealing with the land or property. An agreement under subsection (2) may provide for remedies against, and the power to impose sanctions on, the transferee relating to the agreement. (sec.19-ssec.1) MEDQ may impose a condition or restriction on the disposal of land or other property to an entity (a transferee ) by MEDQ. (sec.19-ssec.2) Without limiting subsection (1) , MEDQ and a transferee may agree that the transferee— must make stated improvements to the land or property; or must undertake a stated activity, within a stated period, in relation to the land or property; or is subject to stated restrictions on the transfer of or dealing with the land or property. (sec.19-ssec.3) An agreement under subsection (2) may provide for remedies against, and the power to impose sanctions on, the transferee relating to the agreement.
- (a) must make stated improvements to the land or property; or
- (b) must undertake a stated activity, within a stated period, in relation to the land or property; or
- (c) is subject to stated restrictions on the transfer of or dealing with the land or property.