11ARequirements in relation to particular leases

11A Requirements in relation to particular leases

11A Requirements in relation to particular leases

(1) Property and Development NSW may enter into a lease in relation to a relevant building with a lessee that is not a government agency only if the area the subject of the lease will be used under the lease for a purpose that—

(a) is not inconsistent with, or is complementary to, the building’s existing uses, and

(b) delivers benefits to the State.

(2) If Property and Development NSW enters into a long-term lease with a lessee that is not a government agency, whether or not the lease is in relation to a relevant building, Property and Development NSW must publish notice of the lease in the Gazette—

(a) within the period prescribed in the regulations, or

(b) if a period is not prescribed in the regulations—not later than 14 days after entering into the lease.

(3) In this section—

long-term lease means a lease with an original term of more than 20 years.

relevant building means a commercial building—

(a) owned by Property and Development NSW, and

(b) used for the purpose of providing offices for government agencies.

s 11A: Ins 2024 No 27, Sch 1[16].