12Agreements for management of property by Property and Development NSW

12 Agreements for management of property by Property and Development NSW

12 Agreements for management of property by Property and Development NSW

(1) A government agency may enter into an agreement with Property and Development NSW for Property and Development NSW—

(a) to hold property for the agency or to manage, maintain or dispose of property of the agency, or

(b) to carry out, manage, co-ordinate or participate in the development of the property of the agency, or

(c) to acquire any property on behalf of, or for the purposes of, the agency, or

(d) to provide services or do other things for the management, maintenance or improvement of property of the agency.

(2) Any functions of a government agency or person employed in or by a government agency in relation to the management of property that is the subject of an agreement under this section may be delegated to Property and Development NSW, despite the provisions of any other Act.

(3) No trust relationship or any other equitable relationship is established solely because Property and Development NSW holds, manages, maintains, disposes of or acquires property on behalf of, or for the purposes of, a government agency under arrangements entered into under this section.

(4) If a government agency is authorised by or under any Act to use specified funds to acquire, manage, maintain or develop property, the authorisation is taken to extend to providing those funds to Property and Development NSW for the acquisition, management, maintenance or development of the property in accordance with arrangements entered into under this section.

s 12: Am 2012 No 93, Sch 2.8 [7]; 2015 No 15, Sch 3.30 [6]; 2024 No 27, Sch 1[4] [6].