1Riverbank Act 1997

South Australia Riverbank Act 1997 An Act to provide for restructuring the ASER property holdings and for other purposes.

Contents Part 1—Preliminary 1 Short title 3 Interpretation 4 Act to apply notwithstanding the Real Property Act 1886 Part 2—The Site and its constituent parts Division 1—The Site 5 The Site 6 Enlargement of Site Division 2—Casino site, the subsidiary sites and the common area 7 The casino site 7A The subsidiary sites and the common area Division 3—Development by stakeholders 7B Development of subsidiary sites Division 4—Statutory rights of support 7C Statutory rights of support Part 3—Severance of lease 8 Severance of head lease Part 4—The Corporation and its functions Division 1—The Corporation 9 Establishment of the Corporation 10 General legal capacity of the Corporation 11 The Corporation's operations, management and procedures 12 Membership of Corporation 13 Meetings of the members Division 2—Insurance 14 Insurance Division 3—The common area 15 Common area 16 Corporation's obligation to maintain common area Division 4—The shared facilities and basic services 17 The shared facilities and basic services 18 Corporation's obligation to provide basic services 19 Property in shared facility 20 Corporation's obligation to provide and maintain shared facilities Division 4A—Other functions 20B Adjacent facilities Division 5—Compulsory contributions 21 Budget of income and expenditure 22 Compulsory contributions Division 6—Accounts and audit 23 Accounts 24 Audit Division 7—Enforcement of Corporation's obligations 25 Appointment of administrator Part 5—Miscellaneous 26 Substitution of head lease 27 Winding up of the Corporation 28 Exemption from stamp duty 29 Effect of things done under Act 30 Interaction between this Act and other Acts 31 Regulations and proclamations Schedule 1—Special provisions to facilitate development 1 Interpretation 2 Suspension of existing rights and interests 3 Authorisation to undertake works and occupy land 4 Creation of new rights and interests Legislative history

The Parliament of South Australia enacts as follows: Part 1—Preliminary 1—Short title This Act may be cited as the Riverbank Act 1997. 3—Interpretation In this Act— ASER means Aser Nominees Pty Ltd (ACN 008 024 486) in its own capacity and in its capacity as trustee of the ASER Property Trust; ASER Property Trust means a trust established by deed dated 15 November 1983 between Thomson Simmons Nominees Pty Ltd as settlor and Calpes Pty Ltd as trustee; casino site means the part of the Site defined by regulation as the casino site; common area means the parts of the Site defined by regulation as the common area; Corporation means the ASER Services Corporation; equipment includes conduits, cables and pipes; head lease means a head lease of the Site or part of the Site; occupier of a subsidiary site means— (a) if the subsidiary site is not subject to a lease—the owner of the site in fee simple; or (b) if the subsidiary site is subject to a lease—the lessee or, if there is a head lease and a sublease or series of subleases, the lessee under the head lease; section of the Site means— (a) the common area; or (b) a subsidiary site; or (c) the casino site; shared facilities—see section 17; Site—see section 5; special resolution means a resolution passed at a general meeting of the Corporation by a number of votes equivalent to at least 75% of the total number of votes exercisable by the members of the Corporation; stakeholder means an occupier of a subsidiary site; subsidiary site means a part of the Site defined by regulation as a subsidiary site (but does not include the casino site). 4—Act to apply notwithstanding the Real Property Act 1886 This Act has effect despite the provisions of the Real Property Act 1886. Part 2—The Site and its constituent parts Division 1—The Site 5—The Site (1) The Site is the land defined by regulation as the Site. (2) Except by enlargement under this Division, the Site cannot extend beyond the boundaries of the land comprised in Certificate of Title Register Book Volume 5101 Folio 624 and Volume 5191 Folio 690 (or a Certificate or Certificates of Title issued in substitution for those Certificates or either of them). 6—Enlargement of Site (1) The Governor may, by regulation, enlarge the Site by adding the land, to be defined in the regulation, into which the car park located on the northern side of the Site encroaches from the boundaries of the Site. (2) Land added to the Site under subsection (1) vests in TransAdelaide for an estate in fee simple. (3) The Site is also enlarged, by force of this subsection, to include the expansion area under section 7 (if or when a declaration is made by the Governor under section 7(1b)). Division 2—Casino site, the subsidiary sites and the common area 7—The casino site (1) Subject to subsection (1a), the casino site is the part of the Site defined by regulation as the casino site. (1a) The casino site also includes the expansion area. (1b) The expansion area is an area declared by the Governor, by notice in the Gazette, to constitute the expansion area under this section. (1c) An indication of what is intended to constitute the expansion area is set out in the plan deposited in the General Registry Office at Adelaide and numbered GP 15/2015. (2) The casino site must include the premises licensed as a casino. (3) A regulation redefining a common boundary between the casino site and the common area or a subsidiary site may only be made— (a) in the case of a common boundary between the casino site and the common area—with the agreement of all stakeholders; (b) in the case of a common boundary between the casino site and a subsidiary site—with the agreement of the stakeholder occupying the site. (4) The Governor may, by regulation, make consequential variations to any regulation defining any boundary under this Act to take into account the constitution of the expansion area under this section (and any such regulation will have effect in accordance with its terms and without the need to obtain any agreement that would otherwise be required under this Act). 7A—The subsidiary sites and the common area (1) The subsidiary sites and the common area are (subject to this section) the parts of the Site respectively defined by regulation as the subsidiary sites and the common area as at the commencement of this section. (2) The Corporation may, by notice in the Gazette, redefine the boundaries of a subsidiary site or the common area—but not so as to affect a common boundary with the casino site or to include land outside the Site. (3) However— (a) a boundary of the common area may only be altered with the agreement of all of the stakeholders; and (b) a boundary of a subsidiary site may only be altered with the agreement of the stakeholder occupying the site. Division 3—Development by stakeholders 7B—Development of subsidiary sites (1) A stakeholder may, with the necessary approvals, develop the stakeholder's subsidiary site. (2) The necessary approvals are— (a) any authorisation or approval required under the Development Act 1993; and (b) if the subsidiary site is occupied under a lease—any authorisation or approval required under the lease; and (c) if the development will require support from another subsidiary site—the approval of the occupier1 of the other subsidiary site; and (d) if the development encroaches on the common area—the Corporation's approval. Note— 1 See definition of occupier in section 3. Division 4—Statutory rights of support 7C—Statutory rights of support (1) Statutory rights of support exist between the relevant sites so far as the support may be necessary for— (a) buildings and structures existing as at the commencement of this section; and (b) buildings and structures lawfully erected, or to be erected, after the commencement of this section; and (c) buildings and structures (whether existing at the commencement of this section or erected later) lawfully modified, or to be modified, after the commencement of this section. (2) The rights of support exist in favour of the occupiers of a dominant site and are enforceable against the owner and occupiers of a servient site. (3) The Supreme Court may make orders (including an order in the nature of a mandatory injunction) for the enforcement of rights under this section. (4) For example, the occupier of a servient site may be required to permit the construction or installation on the site of appropriate foundations or structural supports to enable the construction or reinstatement of a building or structure on a dominant site. (5) The Supreme Court may make an order under this section— (a) on application by the occupier of a dominant site; or (b) on application by the Corporation in its own right as the occupier of the common area or on behalf of the occupier of a subsidiary site. (6) In this section— dominant site means a relevant site for the benefit of which rights of support exist under this section; occupier of a relevant site means— (a) for the common area—the Corporation; (b) for a subsidiary site—the stakeholder or a person who derives rights of occupation from the stakeholder under a sub-lease or a series of subleases; relevant site means— (a) a subsidiary site (including all buildings and structures on the subsidiary site); or (b) the common area (including all buildings and structures on the common area); servient site means a relevant site from which support is required for an existing or proposed building or structure. Part 3—Severance of lease 8—Severance of head lease The regulations may— (a) authorise the severance of a head lease covering two or more sections of the Site into separate leases for each section of the Site covered by the head lease; and (b) provide for the apportionment of the rent payable under the head lease between the separate leases on a fair and reasonable basis agreed between TransAdelaide and ASER or, if they fail to agree, on a fair and reasonable basis determined by the Treasurer; and (c) provide that the terms and conditions of the head lease (including those conferring rights and powers) are to be reflected in the leases formed by the severance subject to fair and reasonable variations agreed between TransAdelaide and the head lessee or, if they fail to agree, on a fair and reasonable basis determined by the Treasurer. Part 4—The Corporation and its functions Division 1—The Corporation 9—Establishment of the Corporation A body corporate to be known as the ASER Services Corporation is established. 10—General legal capacity of the Corporation The Corporation has the powers of a natural person of full age and capacity so far as those powers are capable of being exercised by a body corporate. 11—The Corporation's operations, management and procedures (1) Regulations may be made governing— (a) the Corporation's operations; and (b) the management of its activities; and (c) the internal procedures of the Corporation. (2) In the absence of a regulation governing a particular matter, the Corporation will itself determine how a particular matter is to be dealt with. 12—Membership of Corporation (1) Each stakeholder is a member of the Corporation. (2) A stakeholder has the voting rights at a meeting of the members of the Corporation fixed by regulation. (3) The voting rights attach to the stakeholder so that— (a) if there is a change in the identity of the stakeholder, the voting rights automatically attach to the new stakeholder without transfer; and (b) the voting rights cannot be alienated in any other way. 13—Meetings of the members (1) A member of the Corporation may attend a meeting of the Corporation personally or by proxy. (2) A quorum at a meeting of the Corporation is to be constituted as required under the regulations and no business may be transacted at a meeting unless a quorum is present. (3) A decision carried by a majority of the votes cast by the members present personally or by proxy at a meeting of the Corporation is a decision of the Corporation. Division 2—Insurance 14—Insurance (1) The Corporation must keep itself insured to an extent fixed by the regulations against liabilities of specified classes. (1a) The Corporation may, at the request and on behalf of a stakeholder or stakeholders generally, insure the stakeholder or stakeholders against— (a) public liability; (b) damage to, or destruction of, buildings, structures, plant, equipment or other facilities; (c) any other insurable risk. (2) If the Corporation incurs a liability against which it is required to be insured under the regulations, the Corporation's liability is limited to the amount for which the Corporation was (or ought to have been) insured in respect of liabilities of the relevant class. Division 3—The common area 15—Common area (1) The common area is to be under the custody and control of the Corporation. (2) The Corporation must exercise its custody and control for the benefit of the stakeholders and the public. (3) Despite subsection (2)— (a) the Corporation must recognise and allow a stakeholder to exercise any rights in respect of the common area or the shared facilities that are appurtenant to a lease of a subsidiary site; and (b) the Corporation may prevent or restrict public access to a part of the common area or to machinery, plant or equipment in the common area if authorised to do so by the Minister; and (c) the Corporation may grant rights of exclusive occupation over parts of the common area if— (i) the Corporation is satisfied that to do so would enhance the use or enjoyment of the common area; and (ii) the grant is authorised by special resolution. (4) The term for which the Corporation grants rights of exclusive occupation over a part of the common area is not to exceed three years. 16—Corporation's obligation to maintain common area The Corporation must— (a) maintain the common area in good condition; and (b) keep the common area well lit; and (c) make reasonable provision for the safety of persons and property in the common area. Division 4—The shared facilities and basic services 17—The shared facilities and basic services (1) The shared facilities are— (a) the facilities identified in the regulations as in force at the commencement of this subsection as the shared facilities; or (b) if the Corporation has published a Schedule of shared facilities under subsection (2)—the facilities described as shared facilities in the Schedule last published under that subsection. (2) The Corporation may, with unanimous agreement of the stakeholders, publish in the Gazette a Schedule identifying facilities that are to be provided by the Corporation for the benefit of stakeholders generally, or one or more stakeholders, as shared facilities. (2a) A Schedule published under subsection (2) supersedes an earlier regulation or Schedule identifying shared facilities. (3) A basic service is— (a) the provision of electric power (including emergency electric power); (b) a fire protection service; (c) the provision of chilled water for use in air conditioning; (d) waste water disposal; (e) any other service that is to be provided by the Corporation for the benefit of stakeholders by unanimous agreement of the stakeholders. 18—Corporation's obligation to provide basic services The Corporation must, at the request of a stakeholder, provide basic services on reasonable terms and conditions. 19—Property in shared facility (1) The shared facilities are chattels and are capable of being acquired, owned, dealt with and disposed of as such. (2) A shared facility does not merge with the realty or a leasehold estate whatever the degree of annexation may be. (3) The property in all shared facilities is vested in the Corporation. 20—Corporation's obligation to provide and maintain shared facilities (1) The Corporation must provide and maintain the shared facilities for the benefit of all stakeholders. (2) The Corporation may by means of agents or contractors— (a) enter a subsidiary site at any reasonable time (with any necessary vehicles and equipment) for the purpose of carrying out operational or maintenance work; and (b) carry out operational or maintenance work. (3) Operational or maintenance work is work (which may consist of or include excavation, cutting into a building or structure or the partial demolition of a building or structure) reasonably necessary for— (a) the proper operation of the shared facilities; or (b) the maintenance, renewal, repair, replacement or removal of shared facilities. (4) In carrying out operational or maintenance work, the Corporation must attempt to keep disturbance to stakeholders to a minimum. (5) A person must not obstruct operational or maintenance work under this section. Maximum penalty: $2 500. Division 4A—Other functions 20B—Adjacent facilities The Corporation may maintain and operate facilities, and make provision for the safety of persons and property, in areas adjacent to the Site associated with the use and enjoyment of the Site if authorised to do so by unanimous agreement of the stakeholders. Division 5—Compulsory contributions 21—Budget of income and expenditure (1) The Corporation must prepare a budget of income and expenditure for each financial year in respect of its activities. (2) The Corporation may prepare one or more supplementary budgets of income and expenditure for a particular financial year in respect of its activities. (3) The budget must fix the amount that is to be raised by compulsory contributions (the budgeted income from compulsory contributions) for the relevant financial year and a supplementary budget may increase or decrease that amount. 22—Compulsory contributions (1) The budgeted income from compulsory contributions for each financial year (as fixed in the budget or a supplementary budget for the relevant financial year) is to be raised by levying contributions from stakeholders on the relevant basis. (2) The relevant basis of contribution is— (a) in the first instance—the basis of contribution fixed by the regulations; or (b) if the Corporation by unanimous vote of its members decides to change the basis of contribution—the basis of contribution last fixed by the Corporation. (3) The relevant basis of contribution— (a) may provide for contributions based in whole or part on the extent of usage of the services provided by the Corporation by means of the shared facilities; and (b) may provide for separate contributions in relation to different aspects of the Corporation's responsibilities; and (c) may provide for the payment of interest (which may be at a punitive rate) for non-payment or late payment of a contribution. (3a) If a particular service is provided at the request of, and on behalf of, a stakeholder, a separate contribution may be levied against the stakeholder for the provision of that service. (4) The Corporation may recover contributions (including interest) as a debt due from the relevant stakeholder. (5) If a contribution due from a stakeholder is in arrears, the Corporation may, while the contribution remains in arrears, discontinue the provision of a service to the stakeholder. Exception— The Corporation may not discontinue the provision of a service under this subsection if the discontinuance would create or increase risk of physical damage to property. Division 6—Accounts and audit 23—Accounts (1) The Corporation must keep proper accounts of its financial affairs. (2) The Corporation must comply with the requirements and standards applicable to a public company under the Corporations Act 2001 of the Commonwealth in relation to the keeping of its accounts. 24—Audit (1) The Corporation must, within 6 months after the end of each financial year, have its accounts audited by a registered company auditor. (2) The audited accounts of the Corporation must be laid before the next meeting of members of the Corporation. Division 7—Enforcement of Corporation's obligations 25—Appointment of administrator (1) If the Corporation fails to perform obligations or carry out responsibilities under this Act, a stakeholder may apply to the Supreme Court for the appointment of an administrator under this section. (2) If satisfied that the appointment of an administrator is justified, the Supreme Court may appoint an administrator— (a) at a remuneration fixed by the Court; and (b) on other terms and conditions fixed by the Court. (3) An administrator appointed under this section— (a) is entitled to possession and control of the property of the Corporation and property in the Corporation's custody or control; and (b) may exercise the powers and carry out the duties of the Corporation under this or any other Act to the extent authorised by the Supreme Court. (4) While an appointment remains in force under this section, the powers and functions vested in the administrator under the terms of the appointment are exercisable only by the administrator. (5) An administrator may resign with the permission of the Supreme Court, and may be removed from office by the Supreme Court on its own initiative or on application by a stakeholder. (6) The costs of the administration, including the administrator's remuneration, are to be paid out of the funds of the Corporation. Part 5—Miscellaneous 26—Substitution of head lease (1) A new head lease may be substituted for the present head lease over any subsidiary site without surrender or termination of any underlease. (2) On substitution of the new head lease, the underleases automatically attach to the new head lease. (3) An underlease includes any agreement conferring rights of possession or occupancy that derive from the head lease. 27—Winding up of the Corporation (1) The Corporation may be wound up in the same way as a company incorporated under Part 2A.2 of the Corporations Act 2001 of the Commonwealth. (1a) For the purposes of subsection (1), the matter of the winding up of the Corporation is declared to be an applied Corporations legislation matter for the purposes of Part 3 of the Corporations (Ancillary Provisions) Act 2001 in relation to Parts 5.5 and 5.6 of the Corporations Act 2001 of the Commonwealth as if the Corporation were a company, subject to the operation of subsection (2). (2) On the winding up of the Corporation— (a) the common area vests in the Crown for an estate of fee simple; and (b) the Crown must recognise and allow a stakeholder to exercise any rights in respect of the common area or the shared facilities that are appurtenant to a lease of a subsidiary site; and (c) the Crown is not subject to any other obligation imposed on the Corporation under this Act. 28—Exemption from stamp duty Stamp duty is not payable on any of the following instruments if lodged for stamping within 1 year after the commencement of this Act: (a) an instrument under which ASER surrenders a lease of the Site or part of the Site that it holds from TransAdelaide; (b) a lease of the Site or part of the Site granted by TransAdelaide to ASER; (c) an instrument under which ASER Investments Pty Ltd surrenders an underlease of part of the Site to ASER; (d) an instrument under which AITCO Pty Ltd surrenders a licence conferring rights of occupation over part of the Site that it holds from ASER Investments Pty Ltd; (e) an instrument under which ASER Investments Pty Ltd surrenders a licence conferring rights of occupation over part of the Site that it holds from ASER. 29—Effect of things done under Act Nothing done under this Act— (a) constitutes a breach of, or default under, an Act or other law; or (b) constitutes a breach of, or default under, a contract, agreement, understanding or undertaking; or (c) constitutes a civil or criminal wrong. 30—Interaction between this Act and other Acts (1) The Treasurer may, by instrument in writing made within 1 year after the commencement of this Act, exempt the creation of an interest in or a dealing with the Site under this Act from— (a) the Land and Business (Sale and Conveyancing) Act 1994; or (b) the Retail Shop Leases Act 1995; or (c) Part 4 of the Development Act 1993. (2) If the creation of an interest in or a dealing with the Site is exempt from Part 4 of the Development Act 1993, an application under section 223LD of the Real Property Act 1886 for the division of land in consequence of the creation of the interest or the dealing need not be accompanied by a certificate under Part 4 of the Development Act 1994. 31—Regulations and proclamations (1) The Governor may make regulations for the purposes of this Act. (2) A regulation may impose a penalty not exceeding $2 500 for contravention of or non-compliance with the regulation. (3) The Governor may make proclamations for the purposes of this Act. Schedule 1—Special provisions to facilitate development 1—Interpretation (1) In this Schedule— designated area means— (a) the whole of the Site; and (b) those areas adjacent to the Site marked as Adjacent Area A and Adjacent Area B in the plans deposited in the General Registry Office at Adelaide and numbered GP 14/2015; designated project—see subclause (2). (2) For the purposes of this Schedule, a designated project is any project, scheme, undertaking or works (to be undertaken within any part of the designated area) declared by the Governor, by notice in the Gazette, to constitute a designated project. (3) The Governor may, by subsequent notice in the Gazette, vary or revoke a notice under subclause (2). 2—Suspension of existing rights and interests (1) The Governor may, on the recommendation of the Minister, by notice in the Gazette, suspend or modify any of the following rights or interests existing in, or in relation to, any part of the designated area: (a) a right to develop any part of the designated area; (b) a right of support, including such a right that exists by force of another provision of this Act; (c) a right to exercise any right in respect of the common area or the shared facilities that is envisaged by section 15; (d) a right to expect the common area to be maintained in good condition; (e) a right to the provision of basic services under Part 4 Division 4; (f) a right to the provision and maintenance of shared facilities under Part 4 Division 4; (g) any easement or other rights for or in connection with the provision of services (including water, sewerage, electricity, gas or telecommunications services); (h) any rights relating to the use of a road or loading or unloading bay, or to the parking of vehicles; (i) any rights to the use of stairs, passages or other similar places; (j) any rights of access or egress; (k) any rights or interests prescribed by the regulations for the purposes of this clause; (l) any right or interest that is ancillary or related to a right or interest referred to in a preceding paragraph. (2) The Minister may only make a recommendation for the purposes of subclause (1) if the Minister is satisfied that action under subclause (1) is reasonably necessary in order to facilitate or support the undertaking of a designated project. (3) A suspension or modification under subclause (1)— (a) may be limited in a manner specified by the Governor; and (b) may be on terms or conditions determined by the Governor. (4) A notice under subclause (1) should, insofar as is reasonably practicable, endeavour to grant, on terms or conditions determined by the Governor, a new right or interest in substitution for a right or interest that has been suspended, unless the Minister considers that to do so— (a) would have an adverse impact on any aspect of a designated project; or (b) is unnecessary due to action taken under subclause (3). (5) The right to make an application to the Supreme Court under this Act in relation to a right or interest that has been suspended is, in turn, suspended by force of this subclause during the period of suspension of the right or interest under this clause. (6) The Minister may, by subsequent notice in the Gazette, vary or revoke a notice under subclause (1). (7) The Minister must, when satisfied that a suspension or modification is no longer reasonably necessary in connection with a designated project, revoke the suspension or modification by notice in the Gazette under subclause (6). (8) Subclause (7) does not apply— (a) in relation to a right or interest that the Minister considers should be permanently suspended or modified on account of a designated project; or (b) without limiting paragraph (a), in relation to a right or interest that the Minister considers is inconsistent with a right or interest under clause 4 (or that the Minister intends to create or grant under clause 4). (9) No right to compensation or other right of action against the Governor or Minister arises on account of any action taken by the Governor or Minister under this clause. (10) This clause extends to (but is not limited to)— (a) a right or interest created by a lease, licence or agreement between 2 parties (including parties that are not agencies or instrumentalities of the Crown); and (b) a right or interest registered or noted on a certificate of title or other instrument relating to land; and (c) a right or interest that arises by long‑use or under a formal or informal arrangement. (11) A notice under this clause will have effect according to its terms and without any need to register or note any other instrument or document to give effect to the notice. 3—Authorisation to undertake works and occupy land (1) The Minister, or a person authorised by the Minister, may for the purposes of, or in connection with, a designated project— (a) enter and remain on any part of the designated area; or (b) take vehicles, machinery or equipment on to any part of the designated area; or (c) undertake works on any part of the designated area, including by the construction of permanent or temporary structures, including fences; or (d) occupy any part of the designated area; or (e) permanently or temporarily modify, remove or relocate any services, infrastructure, equipment, items or facilities, including basic services and shared facilities under Part 4 Division 4. (2) Without limiting subclause (1), the Minister, or a person authorised by the Minister, may for the purposes of, or in connection with, a designated project, modify or remove any building, structure or other built form (or any part thereof) within any part of the designated area. (3) A person must not, without reasonable excuse, hinder or obstruct a person exercising a power under this clause. Maximum penalty: $5 000. (4) A person exercising a power under this clause must, insofar as is reasonably practicable— (a) minimise the extent of damage to any building, structure or other built form; and (b) minimise disturbance to any other person who is lawfully occupying any part of the designated area. (5) No right to compensation or other right of action against the Minister or a person authorised to act under this clause arises on account of any action taken under this clause. (6) This clause does not limit or derogate from the powers of a person under another Act or law. 4—Creation of new rights and interests (1) The Minister may, for any purpose associated with a designated project, by instrument in a form determined to be appropriate by the Minister, create or grant 1 or more of the following rights or interests in relation to any part of the designated area (on terms or conditions determined by the Minister): (a) a right of support; (b) a right to the provision of services (including water, sewerage, electricity, gas or telecommunications services); (c) a right of way; (d) a right relating to the use of a road or loading or unloading bay, or to the parking or movement of vehicles; (e) a right to the use of stairs, passages or other similar places; (f) a right of access or egress; (g) a right or interest prescribed by the regulations for the purposes of this clause; (h) a right or interest that is ancillary or related to a right or interest referred to in a preceding paragraph. (2) To avoid doubt, a right under subclause (1) may include a right in the nature of an easement or any other right that relates to land. (3) The Minister may— (a) as part of an instrument under subclause (1); or (b) by separate instrument, permanently modify a right or interest of a kind referred to in clause 2(1). (4) Without limiting subclause (3) (or clause 2(8)), in the case of an inconsistency between a right or interest created or granted under subclause (1) and any other right or interest that exists in, or in relation to, any part of the designated area, the right or interest created or granted under subclause (1) prevails to the extent of the inconsistency. (5) The Minister must take reasonable steps to ensure, in creating a right or interest under this clause, that the Minister does not adversely affect to a material degree the viability of any business conducted on the designated area by a person lawfully occupying any part of the designated area at the time that the Minister takes action under this clause. (6) No right to compensation or other right of action against the Minister arises on account of any action taken by the Minister under this clause. (7) The Registrar-General must, on the application of the Minister or another person acting under the authority of the Minister, register or note any instrument (or any right or interest) under this clause on any relevant certificate of title, or against any land, that relates to, or forms part of, the designated area (without the need to obtain any consent or approval). Legislative history Notes • Please note—References in the legislation to other legislation or instruments or to titles of bodies or offices are not automatically updated as part of the program for the revision and publication of legislation and therefore may be obsolete. • Earlier versions of this Act (historical versions) are listed at the end of the legislative history. • For further information relating to the Act and subordinate legislation made under the Act see the Index of South Australian Statutes or . Formerly ASER (Restructure) Act 1997 Principal Act and amendments New entries appear in bold. Year No Title Assent Commencement 1997 38 ASER (Restructure) Act 1997 17.7.1997 5.2.1998 (Gazette 5.2.1998 p862) except Pt 4 and s 27—30.6.1998 (Gazette 25.6.1998 p2648) 1999 45 ASER (Restructure) (Miscellaneous) Amendment Act 1999 12.8.1999 19.8.1999 (Gazette 19.8.1999 p882) 2001 23 Statutes Amendment (Corporations) Act 2001 14.6.2001 Pt 4 (ss 7 & 8)—15.7.2001 being the day on which the Corporations Act 2001 of the Commonwealth came into operation: Commonwealth of Australia Gazette No. S 285, 13 July 2001 (Gazette 21.6.2001 p2270) 2006 17 Statutes Amendment (New Rules of Civil Procedure) Act 2006 6.7.2006 Pt 8 (s 40)—4.9.2006 (Gazette 17.8.2006 p2831) 2016 40 ASER (Restructure) (Facilitation of Riverbank Development) Amendment Act 2016 29.9.2016 6.10.2016 (Gazette 6.10.2016 p3951) Provisions amended New entries appear in bold. Entries that relate to provisions that have been deleted appear in italics. Provision How varied Commencement Pt 1