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Exemption from Restrictions on Transfer of Assets (No. 1 of 2011) | Zoe

Commonwealth legislation

Exemption from Restrictions on Transfer of Assets (No. 1 of 2011)

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

1/10 complexity

This instrument removes government restrictions on selling one specific block of land in Darwin.

Normally, the National Transmission Network Sale Act 1998 places special rules on selling assets that were once part of Australia's national broadcast transmission network. This stops critical communications infrastructure from being broken up or sold off without oversight.

This exemption treats Lot 6908 at 16 Blake Street, The Gardens, Darwin (Northern Territory title reference: Volume 662 Folio 767) as an exempt asset.

What this means:

The owner can sell or transfer this land without needing government approval
The sale proceeds like a normal private property transaction
No other assets are affected—this applies only to this specific Darwin property

Who cares? Anyone buying or selling this particular parcel of land, as it removes a layer of red tape that would otherwise apply under the 1998 Act.

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Current sections

Direct links to the current provisions in Exemption from Restrictions on Transfer of Assets (No. 1 of 2011).

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Exemption from Restrictions on Transfer of Assets (No. 1 of 2011)

Commonwealth of Australia

National Transmission Network Sale Act 1998

Exemption from Restrictions on Transfer of Assets (No. 1 of 2011)

I, STEPHEN MICHAEL CONROY, Minister for Broadband, Communications and the Digital Economy, make the following exemption under subsection 18(5) of the National Transmission Network Sale Act 1998 (the Act).

Dated 28 September 2011

STEPHEN CONROY

Minister for Broadband, Communications and the Digital Economy

Name of Instrument

This instrument is the Exemption from Restrictions on Transfer of Assets (No.1 of 2011).

2. Commencement
This instrument commences on 1 January 2014.

3. Definitions
In this instrument:
Asset has the same meaning in section 3 of the Act.

4. Exemption
The land being Lot 6908, Town of Darwin, located at 16 Blake Street, The Gardens, Darwin, Northern Territory, and described in Certificate of Title Register Book Volume 662 Folio 767, is an exempt asset for the purpose of subsection 18(5) of the Act.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Exemption from Restrictions on Transfer of Assets (No. 1 of 2011)

Commonwealth of Australia

National Transmission Network Sale Act 1998

Exemption from Restrictions on Transfer of Assets (No. 1 of 2011)

I, STEPHEN MICHAEL CONROY, Minister for Broadband, Communications and the Digital Economy, make the following exemption under subsection 18(5) of the National Transmission Network Sale Act 1998 (the Act).

Dated 28 September 2011

STEPHEN CONROY

Minister for Broadband, Communications and the Digital Economy

Name of Instrument

This instrument is the Exemption from Restrictions on Transfer of Assets (No.1 of 2011).

2. Commencement
This instrument commences on 1 January 2014.

3. Definitions
In this instrument:
Asset has the same meaning in section 3 of the Act.

4. Exemption
The land being Lot 6908, Town of Darwin, located at 16 Blake Street, The Gardens, Darwin, Northern Territory, and described in Certificate of Title Register Book Volume 662 Folio 767, is an exempt asset for the purpose of subsection 18(5) of the Act.