4Sale of trust land

4 Sale of trust land

(1)  The Minister, on behalf of the Crown, may from time to time sell or otherwise dispose of all or part of the trust land.

(2)  With effect from the date on which the Minister sells or otherwise disposes of any part of the trust land –

(a) the obligation imposed on the Crown by the Building Agreement to use the land sold or otherwise disposed of in accordance with the provisions of that agreement ceases; and

(b) the purchaser or other person acquiring the land takes it free of any encumbrance or other obligation imposed by that agreement .

(3)  Except as provided in this section, nothing in this Act affects the operation of the Building Agreement or the Millbrook Agreement .