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Queensland Future Fund (Titles Registry) Act 2021
sec.3Main purpose of this Act and how it is to be achieved
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### sec.3 Main purpose of this Act and how it is to be achieved
The main purpose of this Act is to support the State’s contribution to the Queensland Future (Debt Retirement) Fund established under the Queensland Future Fund Act 2020 .
The main purpose is to be primarily achieved by—
declaring an entity in which the State has a financial interest to be the entity to whom functions relating to the land registry or water allocations register may be delegated under an Act; and
providing for the transfer of assets, liabilities, rights, responsibilities, obligations, operations and employees to the entity; and
providing for the entity to collect and keep fees and other amounts relating to the land registry or water allocations register.
Other purposes of this Act are—
to ensure the entity mentioned in subsection (2) (a) properly performs the functions delegated to the entity under an Act; and
to ensure the accuracy, availability, integrity and security of each register in the land registry and the water allocations register are not compromised by the delegation of functions to the entity mentioned in subsection (2) (a) under an Act.
(sec.3-ssec.1) The main purpose of this Act is to support the State’s contribution to the Queensland Future (Debt Retirement) Fund established under the Queensland Future Fund Act 2020 .
(sec.3-ssec.2) The main purpose is to be primarily achieved by— declaring an entity in which the State has a financial interest to be the entity to whom functions relating to the land registry or water allocations register may be delegated under an Act; and providing for the transfer of assets, liabilities, rights, responsibilities, obligations, operations and employees to the entity; and providing for the entity to collect and keep fees and other amounts relating to the land registry or water allocations register.
(sec.3-ssec.3) Other purposes of this Act are— to ensure the entity mentioned in subsection (2) (a) properly performs the functions delegated to the entity under an Act; and to ensure the accuracy, availability, integrity and security of each register in the land registry and the water allocations register are not compromised by the delegation of functions to the entity mentioned in subsection (2) (a) under an Act.
- (a) declaring an entity in which the State has a financial interest to be the entity to whom functions relating to the land registry or water allocations register may be delegated under an Act; and
- (b) providing for the transfer of assets, liabilities, rights, responsibilities, obligations, operations and employees to the entity; and
- (c) providing for the entity to collect and keep fees and other amounts relating to the land registry or water allocations register.
- (a) to ensure the entity mentioned in subsection (2) (a) properly performs the functions delegated to the entity under an Act; and
- (b) to ensure the accuracy, availability, integrity and security of each register in the land registry and the water allocations register are not compromised by the delegation of functions to the entity mentioned in subsection (2) (a) under an Act.