53ATransfer to Crown of land or interests of Corporation

53A Transfer to Crown of land or interests of Corporation

[Section 53A Inserted by No. 35 of 2018, s. 18, Applied:17 Dec 2018]

(1)  The Minister, by notice published in the Gazette, may, with the approval of the Treasurer and the Minister to whom the administration of the Crown Lands Act 1976 is assigned, transfer, from the Corporation to the Crown, land of the Corporation that is specified in the notice.

(2)  The Minister, by notice published in the Gazette, may, with the approval of the Treasurer and the Minister to whom the administration of the Crown Lands Act 1976 is assigned, transfer to the Crown an interest, in land of the Corporation, specified in the notice, if the interest was an interest transferred to the Corporation from the Crown.

(3)  A notice under subsection (1) or (2) –

(a) takes effect on the day on which it is published in the Gazette or a later day specified in the notice; and

(b) is not a statutory rule for the purposes of the Rules Publication Act 1953 .

(4)  On the day on which a notice under subsection (1) takes effect, the land of the Corporation specified in the notice –

(a) ceases to be land vested in the Corporation; and

(b) vests in the Crown –

(i) subject only to those estates in the land specified in the notice; or

(ii) if the notice does not specify that the land vests subject to an estate, free from all encumbrances.

(5)  On the day on which a notice under subsection (2) takes effect, the interest of the Corporation specified in the notice –

(a) ceases to be an interest of the Corporation; and

(b) vests in the Crown.