Section 21A - Property and Development NSW Act 2006 - Land register of GSF agency property

21ALand register of GSF agency property

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21A Land register of GSF agency property

(1) (Repealed)

(2) A GSF agency is required to furnish to Property and Development NSW details of the following within such time and in such manner as are specified by Property and Development NSW—

(a) all land owned or occupied by the GSF agency,

(b) the current use of that land,

(c) all land which is, at the time at which the details are furnished, considered by the GSF agency to be essential to its operations,

(d) all land which is, at the time at which the details are furnished, considered by the GSF agency not to be essential to its operations,

(e) in relation to land to which paragraph (d) applies that is owned or occupied by a GSF agency that is not a Public Service agency—

(i) a valuation of the current market value of that land, and

(ii) the date and source of that valuation,

(f) such other matters relating to the land owned or occupied by the GSF agency as Property and Development NSW may determine.

(2A) For subsection (2)(e)(i), the valuation of the current market value of the land must be prepared in accordance with—

(a) any Treasurer’s directions that are applicable, and

(b) any applicable policy of the Secretary of the department in which the Government Sector Finance Act 2018 is administered.

(3) Without limiting the generality of subsection (2)(f), Property and Development NSW may require a GSF agency to give detailed reasons and other relevant information to indicate why land to which subsection (2)(c) applies is considered by the GSF agency to be essential to its operations.

(4) A GSF agency that is not a Public Service agency must, at intervals of not more than 3 years, review a valuation of the current market value of land to which subsection (2)(d) applies.

(5) Property and Development NSW must cause to be kept a register which includes the details furnished to Property and Development NSW under this section (or furnished under section 17 of the or under section 14 of the before the repeal of those sections).