19Disposal of core land

19 Disposal of core land

19 Disposal of core land

(1) Place Management NSW has no power to sell or exchange core land, or to otherwise dispose of the fee simple estate in core land, except by way of surrender to the Crown or except as provided by subsection (2).

(2) Place Management NSW may, with the consent of, and subject to any conditions imposed by, the Minister—

(a) mortgage, or grant a charge over, core land, or

(b) exchange core land for land within the foreshore area that adjoins or is adjacent to the core land to be exchanged, or

(c) in respect of a road that is core land—

(i) in the case of a public road, consent to an order being made under the Roads Act 1993 to transfer the road to another roads authority, or

(ii) in the case of a road that is not a public road, transfer the road to the Sydney City Council.

(3) Place Management NSW may, with the consent of the Minister and subject to such conditions as the Minister thinks fit, lease or grant licences in respect of core land and grant easements or rights-of-way over core land.

(4) This section does not require Place Management NSW to obtain the consent of the Minister to a lease or licence for a term that, together with the term of any further lease or licence that may be granted under an option in respect of it, does not exceed 5 years.

(5) A lease or licence granted under this section must not have a term that, together with the term of any further lease or licence that may be granted under an option in respect of it, exceeds 99 years.