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Property and Development NSW Act 2006
15Acquisition of property by gift, devise or bequest
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15 Acquisition of property by gift, devise or bequest
15 Acquisition of property by gift, devise or bequest
(1) Property and Development NSW may acquire by gift, devise or bequest any property for the purposes of this Act and may agree to carry out the conditions of any such gift, devise or bequest.
(2) The rule of law against remoteness of vesting does not apply to any condition of a gift, devise or bequest to which Property and Development NSW has agreed.
(3) The Duties Act 1997 does not apply to or in respect of any gift, devise or bequest made or to be made to Property and Development NSW.
s 15: Am 2012 No 93, Sch 2.8 [7]; 2024 No 27, Sch 1[4].