5Amendment of Schedule 1 (Growth centres and development corporations)

5 Amendment of Schedule 1 (Growth centres and development corporations)

5 Amendment of Schedule 1 (Growth centres and development corporations)

(1) The Governor may, by order published on the NSW legislation website—

(a) constitute a development corporation by inserting the name of a development corporation into column 1 of Schedule 1 and inserting the nature of governance of the development corporation (either “Board” or “Chief executive”) into column 3 of Schedule 1, or

(b) dissolve a development corporation by omitting the matter relating to the development corporation from Schedule 1, or

(c) change the name of a development corporation by amending the name of the development corporation in column 1 of Schedule 1, or

(d) establish a growth centre by inserting a description of land in column 2 of Schedule 1, or

(e) abolish a growth centre by omitting the description of land of the growth centre from column 2 of Schedule 1, or

(f) alter a growth centre by amending the description of land of the growth centre in column 2 of Schedule 1, or

(g) change the nature of governance of a development corporation—

(i) from board governed to chief executive governed by omitting the word “Board” from column 3 of Schedule 1 and inserting instead the words “Chief executive”, or

(ii) from chief executive governed to board governed by omitting the words “Chief executive” from column 3 of Schedule 1 and inserting instead the word “Board”, or

(h) amalgamate 2 or more development corporations by omitting all the matter relating to the development corporations to be amalgamated from Schedule 1 and inserting instead—

(i) in column 1 of that Schedule, the name of the amalgamated development corporation, and

(ii) in column 2 of that Schedule, a description of the growth centre in respect of which the amalgamated development corporation is constituted, and

(iii) in column 3 of that Schedule, the nature of governance of the amalgamated development corporation (either “Board” or “Chief executive”).

(2) A development corporation may be constituted in respect of a growth centre within any area (including, but not limited to, an urban area or a rural area).