sec.54Transferring or disposing of relevant assets— Act , s 159

sec.54 Transferring or disposing of relevant assets— Act , s 159

For section 159 (2) of the Act , this section prescribes the way an accommodation provider must transfer or otherwise dispose of each of the provider’s relevant assets. The accommodation provider must consult with the chief executive about the most appropriate way of transferring or otherwise disposing of the relevant asset, before transferring or otherwise disposing of the asset. The accommodation provider may transfer or otherwise dispose of the relevant asset— by transferring, surrendering or assigning the provider’s interest in the asset to— the chief executive; or a registered provider, with the chief executive’s written consent; or in another way, with the chief executive’s written consent. Also, if the relevant asset is relevant property that is not a lease, the accommodation provider may dispose of the relevant asset by paying the value of the chief executive’s interest in the property to the department. The chief executive may impose a condition on a written consent given under this section if the chief executive considers the condition is reasonably necessary to protect the asset. The accommodation provider must comply with the condition. In this section— lease means a lease of relevant property by the chief executive, or Queensland Housing Commission, to the accommodation provider for a relevant housing service. (sec.54-ssec.1) For section 159 (2) of the Act , this section prescribes the way an accommodation provider must transfer or otherwise dispose of each of the provider’s relevant assets. (sec.54-ssec.2) The accommodation provider must consult with the chief executive about the most appropriate way of transferring or otherwise disposing of the relevant asset, before transferring or otherwise disposing of the asset. (sec.54-ssec.3) The accommodation provider may transfer or otherwise dispose of the relevant asset— by transferring, surrendering or assigning the provider’s interest in the asset to— the chief executive; or a registered provider, with the chief executive’s written consent; or in another way, with the chief executive’s written consent. (sec.54-ssec.4) Also, if the relevant asset is relevant property that is not a lease, the accommodation provider may dispose of the relevant asset by paying the value of the chief executive’s interest in the property to the department. (sec.54-ssec.5) The chief executive may impose a condition on a written consent given under this section if the chief executive considers the condition is reasonably necessary to protect the asset. (sec.54-ssec.6) The accommodation provider must comply with the condition. (sec.54-ssec.7) In this section— lease means a lease of relevant property by the chief executive, or Queensland Housing Commission, to the accommodation provider for a relevant housing service.

• (a) by transferring, surrendering or assigning the provider’s interest in the asset to— (i) the chief executive; or (ii) a registered provider, with the chief executive’s written consent; or