Tasmanian Development Act 1983
9General powers of TDR
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9 General powers of TDR
(1) *[Section 9 Subsection (1) amended by No. 76 of 1995, s. 28 and Sched. 1 ]*For the purposes of this Act, TDR has, in addition to the powers conferred on it under any other Act but subject to any duty arising under section 11 (1) on the Minister giving it a statement of policy objectives, the powers specified in this section.
(2) *[Section 9 Subsection (2) amended by No. 55 of 1985, s. 4 ][Section 9 Subsection (2) amended by S.R. 1987 No. 66 ][Section 9 Subsection (2) amended by S.R. 1987 No. 187 ][Section 9 Subsection (2) amended by S.R. 1989 No. 80 ][Section 9 Subsection (2) amended by S.R. 1991 No. 261 ][Section 9 Subsection (2) amended by S.R. 1992 No. 169 ][Section 9 Subsection (2) amended by No. 76 of 1995, s. 11 and s. 28 and Sched. 1 ]*TDR may –
(a) acquire, develop, and dispose of land as provided by sections 12 , 13 , and 14 ;
(b) [Section 9 Subsection (2) amended by S.R. 2016, No. 48, Applied:29 Jun 2016] [Section 9 Subsection (2) amended by No. 13 of 2024, s. 4, Applied:05 Sep 2024] subject to subsections (3) and (4) , make a loan of money to any person on such terms and conditions as TDR thinks fit so long as the principal amount of the loan, or, in the case of 2 or more loans to that person, the aggregate of the principal amount of those loans, does not exceed $15 000 000;
(c) subject to subsection (5) , make a grant of money for such purpose and on such terms and conditions as the Minister may approve to any person in order to –
(i) assist in the development, expansion, or retention of a business undertaking in Tasmania; or
(ii) conduct research or experiments for the purpose of the establishment or development of a business undertaking in Tasmania;
(d) [Section 9 Subsection (2) amended by S.R. 1999, No. 98, Applied:29 Sep 1999] if it considers it to be of special significance to the development of the Tasmanian economy, acquire, with the approval of the Minister, an interest in a business undertaking at a cost not exceeding $35 000 000;