19Disposal of property

19 Disposal of property

19 Disposal of property

(1) Museums of History NSW must not dispose of property, except—

(a) for real property acquired without conditions—with the approval of the Governor, or

(b) for other property acquired without conditions—with the approval of the Minister, or

(c) for property acquired subject to a condition—

(i) in accordance with the condition, or

(ii) in accordance with subsection (3).

(2) An approval of the Governor or Minister may be given in relation to particular property or a class of property.

(3) Museums of History NSW may dispose of property acquired subject to a condition other than in accordance with the condition if—

(a) it resolves that the property is no longer required for its purposes, and

(b) the Governor approves the disposal, and

(c) the disposal is carried out in accordance with any conditions imposed by the Governor as part of the Governor’s approval.

(4) Museums of History NSW may dispose of property under subsection (3) by—

(a) selling the property and keeping for its use the proceeds of the sale, or

(b) exchanging the property for other property, or

(c) giving the property to an organisation whose rules or objects require its resources to be used wholly or predominantly for the promotion of education in Australia, or

(d) if Museums of History NSW is of the opinion that the property is of no commercial value—disposing of the property otherwise than for valuable consideration.

(5) In this section—

condition means a condition to which Museums of History NSW has agreed under section 14(2).

dispose includes sell, mortgage or lease for a term of more than 6 months.