sec.18Riverside parkland

### sec.18 Riverside parkland The land referred to in schedule 5 is divested from the council and vested in the corporation for an estate in fee simple. Any easement, right, liberty or privilege in relation to the land (other than an easement, right, liberty or privilege under the Metropolitan Water Supply and Sewerage Act 1909 or the Local Government Act 2009 ) is extinguished and compensation is not payable for the extinguishment. The Governor in Council may, by gazette notice, vest for an estate in fee simple in the corporation and the council, as tenants in common in the shares of 60% and 40% respectively, the part of the parkland precinct held by the corporation. If particulars of an interest in land in the parkland precinct may be recorded in the freehold land register, the corporation and the council may transfer the interest only if the Minister has consented in writing. Subsection (4) does not apply to a short lease within the meaning of the Land Title Act 1994 . In this section— parkland precinct means the land referred to as ‘Precinct 3—Parkland Precinct’ in the approved development plan. s 18 ins 1991 No. 67 s 8 amd 1994 No. 11 s 194 sch 2 ; 1995 No. 46 s 3 sch ; 2009 No. 17 s 331 sch 1 (amd 2010 No. 23 s 344 (11) ); 2012 No. 43 s 254 (sec.18-ssec.1) The land referred to in schedule 5 is divested from the council and vested in the corporation for an estate in fee simple. (sec.18-ssec.2) Any easement, right, liberty or privilege in relation to the land (other than an easement, right, liberty or privilege under the Metropolitan Water Supply and Sewerage Act 1909 or the Local Government Act 2009 ) is extinguished and compensation is not payable for the extinguishment. (sec.18-ssec.3) The Governor in Council may, by gazette notice, vest for an estate in fee simple in the corporation and the council, as tenants in common in the shares of 60% and 40% respectively, the part of the parkland precinct held by the corporation. (sec.18-ssec.4) If particulars of an interest in land in the parkland precinct may be recorded in the freehold land register, the corporation and the council may transfer the interest only if the Minister has consented in writing. (sec.18-ssec.5) Subsection (4) does not apply to a short lease within the meaning of the Land Title Act 1994 . (sec.18-ssec.6) In this section— parkland precinct means the land referred to as ‘Precinct 3—Parkland Precinct’ in the approved development plan.