Growth Centres (Development Corporations) Act 1974
26Transfer of Landcom assets, rights and liabilities
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26 Transfer of Landcom assets, rights and liabilities
26 Transfer of Landcom assets, rights and liabilities
(1) The Premier may, by order in writing, transfer to the UrbanGrowth NSW Development Corporation the assets, rights and liabilities of Landcom that are specified or referred to in the order.
(2) The Minister for Planning may, by order in writing, transfer to a development corporation (other than the UrbanGrowth NSW Development Corporation) the assets, rights and liabilities of Landcom that are specified or referred to in the order.
(3) An order under this clause may be made on such terms and conditions as are specified in the order.
(4) An order under this clause may only be made within the period of 12 months after the commencement of this Part.