sec.20IPower to dispose of land that is not required

sec.20I Power to dispose of land that is not required

Subsection (2) applies if the previous owner of land taken under section 20A gives an entity a notice under section 20H (3) (a) stating that the previous owner is interested in buying the land. The entity must, by notice, offer the land, subject to any easement over the land, for sale to the previous owner at a price decided by the entity. Subsection (4) applies if the previous owner of land taken under section 20A — does not give a notice under section 20H (3) (a) for the land; or gives a notice under section 20H (3) (a) stating that the previous owner is not interested in buying the land; or does not accept an offer for the sale of the land made by the entity. The entity may dispose of the land subject to any easement over the land. In deciding the price for which the land may be sold under subsection (2) or (4) , the entity must consider— a valuation by a valuer registered under the Valuers Registration Act 1992 ; and the policies and systems for the management of the entity’s assets; and the existence of any easement over the land. A person contracting or otherwise dealing with an entity in relation to land is not required to ask whether section 20A or this section has been complied with. The title of any person to land acquired from the entity is not affected by a failure to comply with section 20A or this section. To remove any doubt, it is declared that this section applies despite the Acquisition of Land Act 1967 , section 41 . s 20I ins 2024 No. 32 s 15 (sec.20I-ssec.1) Subsection (2) applies if the previous owner of land taken under section 20A gives an entity a notice under section 20H (3) (a) stating that the previous owner is interested in buying the land. (sec.20I-ssec.2) The entity must, by notice, offer the land, subject to any easement over the land, for sale to the previous owner at a price decided by the entity. (sec.20I-ssec.3) Subsection (4) applies if the previous owner of land taken under section 20A — does not give a notice under section 20H (3) (a) for the land; or gives a notice under section 20H (3) (a) stating that the previous owner is not interested in buying the land; or does not accept an offer for the sale of the land made by the entity. (sec.20I-ssec.4) The entity may dispose of the land subject to any easement over the land. (sec.20I-ssec.5) In deciding the price for which the land may be sold under subsection (2) or (4) , the entity must consider— a valuation by a valuer registered under the Valuers Registration Act 1992 ; and the policies and systems for the management of the entity’s assets; and the existence of any easement over the land. (sec.20I-ssec.6) A person contracting or otherwise dealing with an entity in relation to land is not required to ask whether section 20A or this section has been complied with. (sec.20I-ssec.7) The title of any person to land acquired from the entity is not affected by a failure to comply with section 20A or this section. (sec.20I-ssec.8) To remove any doubt, it is declared that this section applies despite the Acquisition of Land Act 1967 , section 41 .