Establishes the Waste Assets Management Corporation (WAMC) as a NSW agency and authorises transfer of Waste Recycling and Processing Corporation (WSN) assets to public or private owners; sale proceeds belong to the State with amounts for landfill liabilities ring‑fenced in a WAMC Landfill Rehabilitation Fund. The Treasurer and Minister have wide powers to create transaction companies, make vesting orders and direct agencies; employee transfers receive specified protections; certain State taxes and legal obstacles can be disapplied for the authorised transaction (ss 3A, 4–6, 10, 14; Schedule 4; ss 17, 3C).
The Act creates a statutory architecture to enable the authorised transaction described in Part 2, namely the transfer of the assets, rights and liabilities of the Waste Recycling and Processing Corporation (WSN) to the private sector or to public sector agencies, and to facilitate associated transfers, corporate conversions and vestings. The Act constitutes the Waste Assets Management Corporation (WAMC), defines its functions and establishes the WAMC Landfill Rehabilitation Fund, while also providing powers to acquire, manage, develop and dispose of contaminated land (see s 3A, s 3B, s 3C, and Schedule 5). It authorises the Treasurer to take wide-ranging actions to effect the transaction, including establishing transaction companies, giving directions to WSN and transaction companies and making vesting orders under Schedule 3 (see ss 9-12, s 14, Schedule 3).
Mechanically, the Act does the following key things. First, it authorises the transfer of WSN assets to the private sector generally (s 4), and to public sector agencies (s 5). It prescribes how the proceeds of any private sector transfer are to be applied, including a mandated payment into the WAMC Landfill Rehabilitation Fund for outstanding landfill liabilities and payment of the balance to the Consolidated Fund (s 6; s 3C). Second, the Treasurer is given broad facilitation powers: to form or convert entities into transaction companies (s 10 and Schedule 2), to act for WSN or transaction companies for the purposes of the authorised transaction (s 11), and to direct WSN and transaction companies while they remain public sector agencies (s 12). Third, the Treasurer may require, through directions to public sector agencies, that relevant authorisations be granted, displaced or modified to enable the new operator to continue or replicate an authorisation that WSN previously held, subject to the constraints in s 13(2) and s 13(3)-(4).
Current sections
Direct links to the current provisions in Waste Assets Management Corporation Act 2010.
(1) This Act commences on the date of assent to this Act, except as provided by subsection (2).
(2) Section 30 and Schedule 6.2 commence on a day to be appointed by proclamation.
3
Definitions
3 Definitions
3 Definitions
The dictionary in Schedule 1, clause 1 defines words used in this Act.
Note—
The Interpretation Act 1987 contains definitions and other provisions that affect the interpretation and application of this Act.
s 3: Subst 2023 No 38, Sch 1[2].
Part 1A
Waste Assets Management Corporation
Part 1A Waste Assets Management Corporation
Part 1A Waste Assets Management Corporation
pt 1A: Ins 2023 No 38, Sch 1[3].
Division 1
Constitution of WAMC
Division 1 Constitution of WAMC
Division 1 Constitution of WAMC
pt 1A, div 1: Ins 2023 No 38, Sch 1[3].
3A
Waste Assets Management Corporation
3A Waste Assets Management Corporation
3A Waste Assets Management Corporation
(1) There is constituted by this Act a corporation with the corporate name of the Waste Assets Management Corporation (the Corporation).
(2) The Corporation is a NSW Government agency and is, in the exercise of the Corporation’s functions, subject to the control and direction of the Minister.
(3) (Repealed)
Note—
See also Schedule 5, which makes further provision for the Corporation.
s 3A (previously s 16): Renumbered 2023 No 38, Sch 1[8].
3B
Functions of WAMC
3B Functions of WAMC
3B Functions of WAMC
(1) The WAMC has the following functions—
(a) to acquire, control and manage contaminated land if, in the Chief Executive’s opinion, the land presents a risk of harm to human health or the environment,
(b) to provide services and do other things for the following purposes in relation to contaminated land acquired, controlled or managed under paragraph (a)—
(i) the remediation of the land,
(ii) the use or development of the land,
(iii) activities that relate to or are incidental to the management, use or development of the land.
Examples—
1 using the land for landfill operations before the land is remediated
2 following remediation of the land, using the land for use as a public recreation facility until the land is sold to another person
(c) to enter into arrangements with a person or body in connection with its other functions, including arrangements for third parties to carry out development for the WAMC on land owned by the WAMC,
(d) functions conferred on the WAMC by this Act or another Act,
(e) functions supplementary or incidental to the exercise of its other functions, including the following—
(i) entering contracts or arrangements,
(ii) charging fees for services,
(iii) conducting business, for example, generation of renewable energy or creation and sale of carbon credits or biodiversity credits,
(f) other prescribed functions in relation to land owned or managed by the WAMC.
(2) In carrying out development on contaminated land, the Chief Executive must be satisfied the development will—
(a) prevent further contamination of the land, or
(b) be compatible with action taken to mitigate or minimise the risk of harm to human health or the environment presented by contaminants on the land.
s 3B: Ins 2023 No 38, Sch 1[3].
3C
WAMC Landfill Rehabilitation Fund
3C WAMC Landfill Rehabilitation Fund
3C WAMC Landfill Rehabilitation Fund
(1) There is to be established in the Special Deposits Account a fund called the WAMC Landfill Rehabilitation Fund (the Fund). The Fund is to be administered by the Minister.
(2) There is payable into the Fund—
(a) out of the transaction proceeds under section 6, the amount of all outstanding WAMC landfill liabilities as at the completion of the authorised transaction (as determined under this section),
(b) interest and any other amounts accruing from time to time from the investments of the Fund.
(3) There is payable from the Fund—
(a) amounts in payment of (or in reimbursement for the payment of) any outstanding WAMC landfill liabilities, as directed by the Minister from time to time,
(b) amounts for payment to the Consolidated Fund as directed by the Minister from time to time, but only as permitted by this section,
(c) administrative expenses incurred in relation to the Fund.
(4) The Minister cannot direct a payment from the Fund to the Consolidated Fund if the balance standing to the credit of the Fund at the time of the payment is less than the amount of all outstanding WAMC landfill liabilities at that time.
(5) The amount of all outstanding WAMC landfill liabilities as at the completion of the authorised transaction is to be determined and reported to the Treasurer by the person appointed by the Treasurer as Technical Consultant for the authorised transaction.
(6) The annual report of the Waste Assets Management Corporation is to include details of the amounts paid from the Fund during the financial year to which the report relates and the purposes for which those payments were made.
(7) The Minister may invest money in the Fund—
(a) if the Minister is a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way that the Minister is permitted to invest money under that Part, or
(b) if the Minister is not a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way approved by the Treasurer.
(8) In this section—
outstanding WAMC landfill liabilities means any liabilities of WSN in relation to the rehabilitation and future maintenance of landfill sites that become liabilities of the Waste Assets Management Corporation pursuant to the authorised transaction.
s 3C (previously s 7): Renumbered 2023 No 38, Sch 1[5].
Division 2
Dealings with land
Division 2 Dealings with land
Division 2 Dealings with land
pt 1A, div 2: Ins 2023 No 38, Sch 1[3].
3D
Acquisition of land
3D Acquisition of land
3D Acquisition of land
The WAMC may, for this Act, acquire land or other property, or an interest in land or other property—
(a) by agreement, or
(b) in accordance with section 3F.
s 3D: Ins 2023 No 38, Sch 1[3].
3E
Transfer of land to WAMC
3E Transfer of land to WAMC
3E Transfer of land to WAMC
(1) The Minister may, by order published in the Gazette, transfer land comprising, wholly or in part, contaminated land—
(a) from the State or a government agency to the WAMC, or
(b) from a council to the WAMC.
(2) The Minister may transfer land under subsection (1) only if—
(a) both parties to the transfer have consented to the transfer, and
(b) the Treasurer has approved the transfer or the transfer is in accordance with a Treasurer’s direction under the Government Sector Finance Act 2018.
(3) On the day the order is published in the Gazette (the transfer day), the land vests in the WAMC for an estate in fee simple—
(a) without the need for further conveyance, transfer, assignment or assurance, and
(b) subject to the trusts, estates, interests, dedications, conditions, restrictions and covenants to which the land was subject immediately before the day the order is published.
(4) On the transfer day, the following provisions have effect—
(a) the rights or liabilities of the transferor in relation to the land become the rights or liabilities of the WAMC,
(b) all proceedings relating to the land commenced before the transfer day by or against the transferor and pending immediately before the transfer day are taken to be proceedings pending by or against the WAMC,
(c) an act, matter or thing done or omitted to be done in relation to the land before the transfer day by, to or in relation to the transferor is, to the extent to which the act, matter or thing has force or effect, taken to have been done or omitted to be done by, to or in relation to the WAMC,
(d) a reference in an Act, in an instrument made under an Act or in a document to the transferor is, to the extent it relates to the land or the rights or liabilities, to be read as, or as including, a reference to the WAMC.
s 3E: Ins 2023 No 38, Sch 1[3].
3F
Transfer of land from WAMC
3F Transfer of land from WAMC
3F Transfer of land from WAMC
(1) The WAMC may, by written notice, advise the Minister that certain land is no longer required to be owned or managed by the WAMC for risks to human health or the environment to be properly managed in relation to the land.
(2) The Minister may, by order published in the Gazette, transfer the land specified in the order from the WAMC to—
(a) for land transferred to the WAMC from the State or a government agency—the State, the government agency or, with the agreement of both parties to the transfer, another government agency, or
(b) for land transferred to the WAMC from a council—the council.
(3) On the day the order is published in the Gazette (the transfer day), the land vests in the transferee for an estate in fee simple—
(a) without the need for further conveyance, transfer, assignment or assurance, and
(b) subject to the trusts, estates, interests, dedications, conditions, restrictions and covenants to which the land was subject immediately before the day the order is published.
(4) On the transfer day, the following provisions have effect—
(a) the rights or liabilities of the WAMC in relation to the land become the rights or liabilities of the transferee,
(b) all proceedings relating to the land commenced before the transfer day by or against the WAMC and pending immediately before the transfer day are taken to be proceedings pending by or against the transferee,
(c) an act, matter or thing done or omitted to be done in relation to the land before the transfer day by, to or in relation to the WAMC is, to the extent to which the act, matter or thing has force or effect, taken to have been done or omitted to be done by, to or in relation to the transferee,
(d) a reference in an Act, in an instrument made under an Act or in a document to the WAMC is, to the extent it relates to the land or the rights or liabilities, to be read as, or as including, a reference to the transferee.
s 3F: Ins 2023 No 38, Sch 1[3].
3G
Effect of transfer of land under this part
3G Effect of transfer of land under this part
3G Effect of transfer of land under this part
(1) Land may be transferred under this part despite a requirement of another Act or law that relates to dealing with or disposing of the land.
(2) No compensation is payable to a person or body in connection with the operation of this section.
(3) The operation of this section must not be regarded as—
(a) a breach of contract or confidence or otherwise as a civil wrong, or
(b) a breach of a contractual provision prohibiting, restricting or regulating the assignment or transfer of assets, rights or liabilities, or
(c) giving rise to a remedy by a party to an instrument, or causing or permitting the termination of an instrument, because of a change in the beneficial or legal ownership of an asset, right or liability.
(4) Duty under the Duties Act 1997 is not chargeable for or in relation to—
(a) a vesting or transfer of land effected under this section or in accordance with arrangements entered into under this Act, or
(b) anything certified by the Minister as having been done in consequence of the vesting or transfer or under the arrangements.
s 3G: Ins 2023 No 38, Sch 1[3].
3H
Sale of land by WAMC
3H Sale of land by WAMC
3H Sale of land by WAMC
The WAMC may, with the consent of the Minister, sell or exchange land owned by the WAMC, including by disposing of a fee simple estate in the land.
s 3H: Ins 2023 No 38, Sch 1[3].
3I
Requirement to report about acquisitions and disposal of land
3I Requirement to report about acquisitions and disposal of land
3I Requirement to report about acquisitions and disposal of land
(1) The WAMC must, within 2 months after the end of each reporting period, give the Minister a report about the following—
(a) land acquired, or disposed of, by the WAMC in the reporting period, including land bought, sold, exchanged or otherwise transferred to or from the WAMC,
(b) if the WAMC disposed of land to a person other than the State, a government agency or a council within the reporting period—the reason for the decision to dispose of the land to that person.
(2) The Minister must, within 5 sitting days after being given a report under subsection (1), provide the report to the Presiding Officer of each House of Parliament.
(3) A report provided to the Presiding Officer of a House of Parliament under subsection (2) must be laid before that House within 5 sitting days of that House after it is received by the Presiding Officer.
(4) In this section—
reporting period means the following periods—
(a) the period starting on 1 January in a year and ending on 30 June in that year,
(b) the period starting on 1 July in a year and ending on 31 December in that year.
s 3I: Ins 2023 No 38, Sch 1[3].
Part 2
The authorised transaction
Part 2 The authorised transaction
Part 2 The authorised transaction
4
Authority for transfer of WSN assets to private sector
4 Authority for transfer of WSN assets to private sector
4 Authority for transfer of WSN assets to private sector
This Act authorises the transfer to the private sector of any WSN assets.
5
Transfer of WSN assets to public sector agencies
5 Transfer of WSN assets to public sector agencies
5 Transfer of WSN assets to public sector agencies
This Act authorises the transfer of any WSN assets to one or more public sector agencies.
6
Proceeds of transaction
6 Proceeds of transaction
6 Proceeds of transaction
(1) The proceeds of the transfer of WSN assets to the private sector pursuant to the authorised transaction (the transaction proceeds) belong to and are payable directly to the State.
(2) The transaction proceeds paid to the State are to be paid as follows—
(a) the amount of all outstanding WAMC landfill liabilities on the completion of the authorised transaction (determined as provided by section 7) is to be paid into the WAMC Landfill Rehabilitation Fund under that section,
(b) the balance of the transaction proceeds are to be paid into the Consolidated Fund.
(3) The following deductions are authorised to be made from the transaction proceeds—
(a) deduction of such amounts as the Treasurer approves to repay debt and satisfy other liabilities of a public sector agency in respect of WSN assets transferred for the purposes of the authorised transaction,
(b) deduction of such amounts as the Treasurer approves to reimburse public sector agencies for payments made by them in respect of any tax, duty, fee or charge imposed by any Act or law of the State or any other jurisdiction in connection with a transaction arrangement,
(c) deduction of such amounts as the Treasurer approves to satisfy any liability of a public sector agency arising under or in connection with a transaction arrangement,
(d) deduction of such amounts as the Treasurer approves to meet expenses reasonably incurred by public sector agencies for the purposes of the authorised transaction.
(4) The transaction proceeds do not include any amount certified by the Treasurer to have been paid to a public sector agency as a tax, duty, fee or charge imposed by any Act or law of the State in connection with a transaction arrangement.
(5) The deductions authorised to be made from the transaction proceeds may be made before payment of transaction proceeds into the Consolidated Fund or may be made by payment from the Consolidated Fund.
(6) The requirements of this section do not affect the validity of a transaction arrangement.
7
7
7
(Renumbered as section 3C)
s 7: Am 2012 No 95, Sch 2.40 [1]; 2017 No 22, Sch 4.51 [1]; 2018 No 70, Sch 3.67; 2023 No 38, Sch 1[4]. Renumbered as sec 3C, 2023 No 38, Sch 1[5].
8
Treasurer to report on authorised transaction
8 Treasurer to report on authorised transaction
8 Treasurer to report on authorised transaction
(1) The Treasurer is to prepare a report on the following matters concerning the authorised transaction—
(a) the broad strategies for compliance with the waste management strategies of the Environment Protection Authority,
(b) the broad strategies to be established to ensure the resolution of any competition issues resulting from the authorised transaction.
(2) In preparing the report, the Treasurer is to consult with the Environment Protection Authority.
(3) The Treasurer’s report is to be publicly released as soon as reasonably practicable after the completion of the authorised transaction.
Part 3
Facilitating the authorised transaction
Part 3 Facilitating the authorised transaction
Part 3 Facilitating the authorised transaction
9
Treasurer’s functions
9 Treasurer’s functions
9 Treasurer’s functions
The Treasurer has and may exercise all such functions as are necessary or convenient for the purposes of the authorised transaction. The functions conferred on the Treasurer by any other provision of this Act do not limit the Treasurer’s functions under this section.
10
Transaction companies
10 Transaction companies
10 Transaction companies
(1) The Treasurer may for the purposes of the authorised transaction establish, or direct the establishment of, companies as transaction companies in any of the following ways—
(a) the formation or acquisition by or on behalf of the State or a SOC of a company limited by shares, so that all the issued shares in the company are held by or on behalf of the State or a SOC (or both),
(b) the formation or acquisition of a company as a wholly owned subsidiary company of a transaction company,
(c) the conversion of WSN into a company limited by shares as provided by Schedule 2.
(2) A transaction company that is a public sector agency may be converted from one kind of company to any other kind of company.
(3) Except by express agreement with the Treasurer—
(a) a transaction company is not and does not represent the State, and
(b) the debts, liabilities and obligations of a transaction company are not guaranteed by the State (but without affecting any guarantee of a debt, liability or obligation of WSN that becomes a debt, liability or obligation of the transaction company).
(4) The Treasurer may act for or on behalf of the State, a SOC or a transaction company that is a public sector agency in connection with the rights, privileges and benefits, and the duties, liabilities and obligations of the State, the SOC or the transaction company as the holder of shares or other securities in a transaction company.
(5) Shares and other securities in a transaction company that is a public sector agency may be issued, sold or transferred in accordance with the directions of the Treasurer.
(6) The Treasurer may on behalf of the State, a SOC or a transaction company that is a public sector agency enter into and carry out transaction arrangements for the issue, sale or transfer of shares and other securities in a transaction company.
11
Functions of WSN and transaction companies
11 Functions of WSN and transaction companies
11 Functions of WSN and transaction companies
(1) WSN and any transaction company have and may exercise all such functions as are necessary or convenient for the purposes of the authorised transaction.
(2) The functions conferred by this section are in addition to any other functions that WSN or a transaction company has apart from this section and those other functions do not prevent or otherwise limit the exercise of the additional functions conferred by this section.
(3) The Treasurer may act for and on behalf of and in the name of WSN or any transaction company (while it is a public sector agency) in the exercise of any of its functions for the purposes of the authorised transaction.
12
Direction and control of WSN and transaction companies
12 Direction and control of WSN and transaction companies
12 Direction and control of WSN and transaction companies
(1) WSN and any transaction company (while it is a public sector agency) are subject to the direction and control of the Treasurer in the exercise of any of their functions for the purposes of the authorised transaction.
(2) The Treasurer may give directions for the purposes of the authorised transaction to WSN and to any transaction company, and to the directors and other officers of WSN or a transaction company. Any such directions must be complied with by WSN, the transaction company or the directors or other officers concerned.
(3) Directions to a transaction company (or its directors and other officers) can only be given and are only required to be complied with while the transaction company is a public sector agency.
(4) The power to give directions under this section extends to directions with respect to the way in which WSN or a transaction company is to conduct its business and other affairs.
(5) Action taken by WSN to comply with a direction of the Treasurer under this Act does not require the approval of the voting shareholders or portfolio Minister of WSN.
(6) Anything done or omitted to be done by a director or other officer of WSN or a transaction company in complying with a direction given by the Treasurer under this Act does not subject the director or officer personally to any action, liability, claim or demand.
(7) The provisions of this section are declared to be Corporations legislation displacement provisions for the purposes of section 5G of the Corporations Act.
13
Grant of relevant authorisations
13 Grant of relevant authorisations
13 Grant of relevant authorisations
(1) The Treasurer may give directions to a public sector agency for or with respect to the grant of any relevant authorisation to a person who becomes or who it is proposed will become the new operator of any WSN assets pursuant to the authorised transaction, including directions for or with respect to any of the following—
(a) requiring the grant of any such relevant authorisation without the necessity for the making or determination of any application,
(b) the displacement or modification of any provision of a relevant law in its application to the grant of any such relevant authorisation,
(c) the conditions or endorsements subject to which any such relevant authorisation is to be granted or that are to be attached to any such relevant authorisation.
(2) A direction may only be given under this section for the grant of a relevant authorisation that—
(a) operates to transfer, replace or replicate an existing relevant authorisation that is currently in force, to the extent of its application to or in respect of the WSN assets concerned, and
(b) is subject to terms, conditions or endorsements that are the same (or to substantially the same effect) as those to which that existing relevant authorisation is subject.
(3) The Treasurer must consult with a public sector agency before giving a direction to the public sector agency under this section.
(4) A public sector agency exercising functions under a relevant law must comply with a direction of the Treasurer under this section.
(5) Anything done by WSN in compliance with a condition or endorsement of a relevant authorisation in relation to WSN assets of which a person is the new operator is taken to have been done by the new operator for the purposes of any corresponding condition or endorsement of a relevant authorisation granted to the new operator pursuant to a direction under this section.
(6) A relevant authorisation granted to WSN or to the new operator of WSN assets may not be suspended or cancelled on the ground of the conversion of WSN or the new operator to a company or on the ground of any change that has occurred in the officers or shareholders of the company as a result of that conversion or pursuant to a transaction arrangement.
(7) In this section—
grant includes issue and transfer.
new operator of WSN assets means—
(a) a public sector agency to which any WSN assets are transferred for the purposes of the authorised transaction, or
(b) a person (or the nominee of a person) in whom WSN assets are vested, or to whom WSN assets are transferred, pursuant to the authorised transaction.
public sector agency includes a local authority.
relevant authorisation means a licence, permit, consent, entitlement, accreditation or other authorisation under a relevant law.
relevant law means any of the following Acts and any regulations or instruments under those Acts—
The Treasurer may make vesting orders under Schedule 3 for the purposes of the authorised transaction.
15
Employee protections
15 Employee protections
15 Employee protections
Schedule 4 contains provisions relating to the transfer of employees of WSN for the purposes of the authorised transaction.
16
16
16
(Renumbered as section 3A)
s 16: Am 2012 No 95, Sch 2.40 [1]; 2017 No 22, Sch 4.51 [1]; 2023 No 38, Sch 1[6] [7]. Renumbered as sec 3A, 2023 No 38, Sch 1[8].
17
State taxes
17 State taxes
17 State taxes
(1) In this section—
relevant matter means any of the following—
(a) the transfer of WSN assets for the purposes of the authorised transaction,
(b) a vesting of assets, rights or liabilities by operation of Schedule 3 (Vesting of assets, rights and liabilities) and anything certified by the Treasurer as having been done in consequence of such a vesting (for example, the transfer or registration of an interest in land),
(c) the issue, disposal or purchase of shares or other securities in a company for the purposes of the authorised transaction,
(d) any matter connected with the corporate conversion of WSN for the purposes of the authorised transaction,
(e) such other matters for the purposes of the authorised transaction as may be prescribed by the regulations.
State tax means application or registration fees, duty under the Duties Act 1997 or any other tax, duty, fee or charge imposed by any Act or law of the State.
(2) State tax is not payable by a public sector agency in relation to a relevant matter.
(3) State tax is not payable by a person or body (other than a public sector agency) in relation to a relevant matter to such extent (if any) as the Treasurer may direct by order in writing, either generally or in a particular case.
(4) An order may be made by the Treasurer under this section before or after the liability to pay the State tax concerned accrues.
(5) The Treasurer must give a copy of an order under this section to the Chief Commissioner of State Revenue.
18
Contracts for sale of land
18 Contracts for sale of land
18 Contracts for sale of land
Section 52A (Contracts for sale of land) of the Conveyancing Act 1919 does not apply to a contract for the sale of land that is entered into for the purposes of the authorised transaction.
Part 4
Miscellaneous
Part 4 Miscellaneous
Part 4 Miscellaneous
19
Release of information by Auditor-General
19 Release of information by Auditor-General
19 Release of information by Auditor-General
Section 38 (Secrecy) of the Government Sector Audit Act 1983 does not apply to or in respect of a report or communication that the Treasurer authorises the Auditor-General to make to a person for the purposes of the authorised transaction.
s 19: Am 2018 No 70, Sch 4.116.
20
Delegation
20 Delegation
20 Delegation
(1) The Treasurer may delegate to the Secretary of the Treasury, or to any other officer of the Government Service prescribed by the regulations, any function of the Treasurer under this Act except this power of delegation.
(2) The Minister may delegate to the following any function of the Minister under this Act, except this power of delegation—
(a) an officer of the Department in which this Act is administered,
(b) another officer of a government sector agency.
s 20: Am 2012 No 95, Sch 2.40 [2]; 2017 No 22, Sch 4.51 [1] [2]; 2023 No 38, Sch 1[9].
21
Act to bind State and other jurisdictions
21 Act to bind State and other jurisdictions
21 Act to bind State and other jurisdictions
(1) This Act binds the State and, in so far as the legislative power of the Parliament of New South Wales permits, the other States, the Territories and the Commonwealth.
(2) Without limiting subsection (1), this Act has effect despite any privilege or immunity of the Crown in any of its capacities.
(3) This Act does not make any State or Territory, the Commonwealth, or the Crown in any of its capacities, liable to be prosecuted for an offence.
(4) A reference in this section to a State, Territory or the Commonwealth includes a reference to the Government of the State, Territory or Commonwealth.
22
General relationship of Act with other State legislation
22 General relationship of Act with other State legislation
22 General relationship of Act with other State legislation
(1) None of the following provisions operate to prevent, restrict or otherwise limit the carrying out of the authorised transaction or the exercise of a function for the purposes of the authorised transaction—
(b) any provision of the constitution of WSN or a subsidiary of WSN.
(2) In the event of any inconsistency between the provisions of this Act or the regulations and a provision of any other State legislation that is prescribed by the regulations as an inconsistent provision for the purposes of this section, the provisions of this Act or the regulations (as the case may be) prevail to the extent of the inconsistency.
23
Extraterritorial operation of Act
23 Extraterritorial operation of Act
23 Extraterritorial operation of Act
(1) It is the intention of the Parliament of New South Wales that the operation of this Act should, as far as possible, include operation in relation to the following—
(a) things situated in or outside the territorial limits of the State,
(b) acts, transactions and matters done, entered into or occurring in or outside the territorial limits of the State,
(c) things, acts, transactions and matters (wherever situated, done, entered into or occurring) that would, apart from this Act, be governed or otherwise affected by the law of another State, a Territory, the Commonwealth or a foreign country.
(2) Without limiting subsection (1), it is the intention of the Parliament of New South Wales that the provisions of this Act have an operation in relation to the things, acts, transactions and matters referred to in that subsection even if the rules of private international law (whether at general law or as provided by legislation) would require the application of a law other than this Act instead of the provisions of this Act.
24
Construction of Act and instruments so as not to exceed legislative power
24 Construction of Act and instruments so as not to exceed legislative power
24 Construction of Act and instruments so as not to exceed legislative power
(1) Unless a contrary intention appears, if a provision of this Act or an instrument made under this Act—
(a) would, apart from this section, have an invalid application, but
(b) also has at least one valid application,
it is the intention of the Parliament of New South Wales that the provision is not to have the invalid application, but is to have every valid application.
(2) Despite subsection (1), the provision is not to have a particular valid application if—
(a) apart from this section, it is clear, taking into account the provision’s context and the purposes or objects underlying this Act, that the provision was intended to have that valid application only if every invalid application, or a particular invalid application, of the provision had also been within the legislative power of the Parliament of New South Wales, or
(b) the provision’s operation in relation to that valid application would be different in a substantial respect from what would have been its operation in relation to that valid application if every invalid application, or a particular invalid application, of the provision had been within the legislative power of the Parliament of New South Wales.
(3) Subsection (2) does not limit the cases in which a contrary intention may be taken to appear for the purposes of subsection (1).
(4) This section is in addition to, and not in derogation of, section 31 of the Interpretation Act 1987.
(5) In this section—
application means an application in relation to—
(a) one or more particular persons, things, matters, places, circumstances or cases, or
(b) one or more classes (however defined or determined) of persons, things, matters, places, circumstances or cases.
invalid application, in relation to a provision, means an application because of which the provision exceeds the legislative power of the Parliament of New South Wales.
valid application, in relation to a provision, means an application which, if it were the provision’s only application, would be within the legislative power of the Parliament of New South Wales.
25
Protection of contractual and other obligations
25 Protection of contractual and other obligations
25 Protection of contractual and other obligations
(1) This section applies to the following—
(a) the operation of this Act (including any order under this Act and anything done or omitted to be done under or for the purposes of this Act),
(b) the transfer of WSN assets for the purposes of the authorised transaction,
(c) the entering into or performance of obligations under a transaction arrangement by a public sector agency,
(d) a disclosure of information by, on behalf of or with the consent of a public sector agency for the purposes of the authorised transaction.
(2) None of the matters or things to which this section applies are to be regarded as—
(a) a breach of contract or confidence or otherwise as a civil wrong, or
(b) a breach of any instrument (including, without limitation, any provision prohibiting, restricting or regulating the assignment or transfer of assets, rights or liabilities) or as requiring any act to be done under an instrument, or
(c) giving rise to any right or remedy by a party to a contract or other instrument, or as causing or permitting the termination of, or exercise of rights under, any contract or other instrument, or
(d) an event of default under any contract or other instrument, or
(e) giving rise to a breach of or an offence against a provision of an Act that prohibits or restricts the disclosure of information, or
(f) releasing a surety or other obligee wholly or in part from an obligation.
(3) This section does not affect the rights and obligations of the parties to a transaction arrangement in respect of the performance of obligations under the transaction arrangement.
(4) In this section—
instrument means an instrument (other than an instrument made under this Act) or any other document that creates, modifies or extinguishes rights or liabilities (or would do so if lodged, filed or registered in accordance with any law), and includes any judgment, order, process or other instrument issued by a court or tribunal.
26
Compensation not payable
26 Compensation not payable
26 Compensation not payable
(1) Compensation is not payable by or on behalf of the State—
(a) because of the enactment or operation of this Act, or for any consequence of that enactment or operation, or
(b) because of any statement or conduct relating to the enactment of this Act.
(2) This section does not extend to compensation payable under a transaction arrangement to a party to the transaction arrangement in connection with the performance of obligations under the transaction arrangement.
(3) In this section—
compensation includes damages or any other form of monetary compensation.
conduct includes any act or omission, whether unconscionable, misleading, deceptive or otherwise.
operation of this Act includes the operation of any notice or order under this Act and any agreement entered into under or for the purposes of this Act.
statement includes a representation of any kind—
(a) whether made verbally or in writing, and
(b) whether negligent, false, misleading or otherwise.
the State means the Crown within the meaning of the Crown Proceedings Act 1988, and includes a public sector agency and an officer, employee or agent of the Crown or a public sector agency.
27
Certificate evidence
27 Certificate evidence
27 Certificate evidence
A certificate purporting to be signed by the Treasurer or an officer prescribed by the regulations certifying that an order specified or referred to in the certificate is an order made by the Treasurer under a specified provision of this Act is admissible in evidence in any legal proceedings and is evidence of the matters certified.
28
Regulations
28 Regulations
28 Regulations
The Governor may make regulations, not inconsistent with this Act, for or with respect to any matter that by this Act is required or permitted to be prescribed or that is necessary or convenient to be prescribed for carrying out or giving effect to this Act.
29
29
29, 30 (Repealed)
Schedule 1
Interpretative provisions
Schedule 1 Interpretative provisions
Schedule 1 Interpretative provisions
(Section 3)
sch 1: Am 2023 No 38, Sch 1[11] [12].
Schedule 2
Corporate conversion of WSN
Schedule 2 Corporate conversion of WSN
Schedule 2 Corporate conversion of WSN
(Section 10)
Schedule 3
Vesting of assets, rights and liabilities
Schedule 3 Vesting of assets, rights and liabilities
Schedule 3 Vesting of assets, rights and liabilities
(Section 14)
Schedule 4
Employee protections
Schedule 4 Employee protections
Schedule 4 Employee protections
(Section 15)
Schedule 5
Waste Assets Management Corporation
Schedule 5 Waste Assets Management Corporation
Schedule 5 Waste Assets Management Corporation
(Section 16)
sch 5: Am 2012 No 95, Sch 2.40 [1] [3] [4]; 2017 No 22, Sch 4.51 [1]; 2023 No 38, Sch 1[13]–[15].
Schedule 6
Savings and transitional provisions
Schedule 6 Savings and transitional provisions
Schedule 6 Savings and transitional provisions
sch 6: Am 1987 No 15, sec 30C. Rep 1987 No 15, sec 30C. Ins 2023 No 38, Sch 1[16].
Source text: opening excerpt
Sourced from legislation.nsw.gov.au, CC BY 4.0.
Part 1 Preliminary
Part 1 Preliminary
Part 1 Preliminary
1 Name of Act
1 Name of Act
1 Name of Act
This Act is the Waste Assets Management Corporation Act 2010.
s 1: Am 2023 No 38, Sch 1[1].
2 Commencement
2 Commencement
2 Commencement
(1) This Act commences on the date of assent to this Act, except as provided by subsection (2).
(2) Section 30 and Schedule 6.2 commence on a day to be appointed by proclamation.
3 Definitions
3 Definitions
3 Definitions
The dictionary in Schedule 1, clause 1 defines words used in this Act.
Note—
The Interpretation Act 1987 contains definitions and other provisions that affect the interpretation and application of this Act.
s 3: Subst 2023 No 38, Sch 1[2].
Part 1A Waste Assets Management Corporation
Part 1A Waste Assets Management Corporation
Part 1A Waste Assets Management Corporation
pt 1A: Ins 2023 No 38, Sch 1[3].
Division 1 Constitution of WAMC
Division 1 Constitution of WAMC
Division 1 Constitution of WAMC
pt 1A, div 1: Ins 2023 No 38, Sch 1[3].
3A Waste Assets Management Corporation
3A Waste Assets Management Corporation
3A Waste Assets Management Corporation
(1) There is constituted by this Act a corporation with the corporate name of the Waste Assets Management Corporation (the Corporation).
(2) The Corporation is a NSW Government agency and is, in the exercise of the Corporation’s functions, subject to the control and direction of the Minister.
(3) (Repealed)
Note—
See also Schedule 5, which makes further provision for the Corporation.
s 3A (previously s 16): Renumbered 2023 No 38, Sch 1[8].
The Act supplies special mechanisms to transfer interests without standard conveyancing formality. Transfers of land may be effected by order of the Minister, vesting land in WAMC (s 3E) and enabling transfer back to other public bodies (s 3F); Schedule 3 permits vesting orders that vest assets, rights and liabilities without further conveyance (Schedule 3 cl 2-3). Several provisions minimise transaction friction and state costs: State taxes are not payable by public sector agencies in relation to relevant matters (s 17), registration authorities must accept certificates supplied by public sector transferees (Schedule 3 cl 10), and certain statutory obligations are declared not to constitute breaches or give rise to remedies by third parties (s 3G(3), s 25). The Act also provides employee protections on transfer in Schedule 4, including continuity of service, protection of accrued leave, superannuation continuity and fixed employment guarantee periods for transferred permanent and temporary employees (Schedule 4 cl 3-7).
Finally, the Act includes procedural and evidentiary devices, such as conclusive Treasurer certificates for corporate conversion (Schedule 2 cl 2) and conclusive Treasurer determinations about what comprises WSN assets (Schedule 3 cl 9), together with delegated powers, powers to make regulations and transitional savings intended to wind down the authorised transaction provisions upon the Treasurer declaring the transaction complete (Schedule 6 Part 2 cl 4).
Main concepts
The Act is built around a small set of recurring legal and operational concepts. Each concept has concrete statutory mechanics and constraints.
Authorised transaction. Defined in the Dictionary and Part 2, the authorised transaction means the transfer of WSN assets to the private sector, and the Act authorises any transaction, arrangement or action that results in WSN assets becoming vested in private persons, including sale of shares in a transaction entity or corporate conversion (Dictionary; Schedule 1 cl 3). The Act treats conversion of WSN into a company as a permissible mechanism to effect transfer (Schedule 2 cl 2; s 10(1)(c)).
WAMC. The Waste Assets Management Corporation is constituted by s 3A and is a NSW Government agency operating under ministerial control (s 3A(2)). WAMC’s functions (s 3B) include acquiring, controlling and managing contaminated land if the Chief Executive considers there is a risk to human health or the environment, remediating land, using or developing land (subject to s 3B(2) requirements that development prevent further contamination and be compatible with mitigation actions), charging fees, contracting third parties, and conducting specified commercial activities such as renewable energy generation or creation and sale of carbon or biodiversity credits.
WAMC Landfill Rehabilitation Fund. Created in s 3C, the Fund sits within the Special Deposits Account and receives, among other things, the portion of transaction proceeds equal to outstanding WAMC landfill liabilities as determined by the Treasurer’s appointed Technical Consultant (s 3C(1)-(6)). The Minister administers the Fund, may invest it as allowed under the Government Sector Finance Act 2018 rules or with Treasurer approval, and may direct payments from it subject to a prudential floor tying payments to outstanding liabilities (s 3C(3)-(7)).
Transaction companies and corporate conversion. The Treasurer can establish or convert entities into transaction companies to facilitate the transaction (s 10, Schedule 2). A transaction company may be formed so that all issued shares are held by or on behalf of the State, and the Treasurer retains powers over issuing, selling or transferring shares (s 10(1)(a), (5)-(6)). Schedule 2 sets out the process and states the Treasurer’s certificate about compliance with conversion requirements is conclusive (Schedule 2 cl 2(2)-(3)).
Vesting orders. Under Schedule 3, the Treasurer may make vesting orders that vest assets, rights and liabilities of WSN or a transaction company in a specified transferee (Schedule 3 cl 2). A vesting operates without further conveyance and converts rights and liabilities to the transferee, treats pending proceedings as continuing by or against the transferee, and may be made subject to terms, conditions and consideration specified in the order (Schedule 3 cl 3-6). The Treasurer’s determinations about whether assets are WSN assets are conclusive for vesting purposes (Schedule 3 cl 9).
Directions, authorisations and statutory override. The Treasurer has broad direction powers to facilitate the transaction (s 9). Those powers include directing public sector agencies to grant, displace or modify relevant authorisations for new operators (s 13), and the Treasurer may give binding directions to WSN and transaction companies while they are public sector agencies (s 12). The Act declares these direction powers to be Corporations Act displacement provisions for the purposes of s 5G of the Corporations Act (s 12(7)). The Act also provides that it prevails over specified other State laws and constitutions of WSN or subsidiaries to the extent they would impede the authorised transaction (s 22).
Contractual and statutory protections and limits on remedies. The Act removes several routine legal frictions. Clause 3G provides that transfers under the Act occur despite other requirements and that no compensation is payable in connection with that operation (s 3G(1)-(2)). Section 25 specifies that the operation of the Act and transaction arrangements are not to be regarded as breaches of contract, confidence, instruments, or as events of default, and are not to give rise to remedies, although rights under the transaction arrangements remain (s 25(1)-(3)). Section 26 further excludes compensation by or on behalf of the State for consequences of the enactment or operation of the Act, subject to permitted compensation under transaction arrangements (s 26).
Employee protections. Schedule 4 sets out transfers of employees, who may, in certain circumstances, be moved to private sector employment or to a Department of the Public Service by Treasurer order (Schedule 4 cl 2). Permanent and temporary employees may decline transfer to the private sector; casual and contract employees cannot (Schedule 4 cl 2(3)). Transferred employees receive continuity of employment, maintenance of accrued leave, superannuation continuity and fixed employment guarantee periods for permanent employees of three years, and for temporary employees up to three years or their remaining term, whichever ends first (Schedule 4 cl 3-7).
These concepts combine statutory instruments, executive discretion and administrative devices to effect asset transfer, manage contaminated land risks through WAMC and redistribute proceeds to state accounts with earmarking for landfill liabilities.
Who it affects
The Act affects a concentrated set of actors directly, and a broader set indirectly.
Directly affected parties
WSN. The principal corporate subject. The Act authorises transfer of WSN assets, conversion of WSN into a company, and vesting of assets, rights and liabilities (s 4; Schedule 2; Schedule 3). WSN’s board and statutory offices cease upon conversion to a company as described in Schedule 2 cl 3(1).
The Treasurer. The Act centres power in the Treasurer to prepare reports, establish transaction companies, give binding directions to public sector agencies and to WSN and transaction companies while they are public sector agencies, make vesting orders and determine what assets are WSN assets (ss 8-12; Schedule 2 cl 2; Schedule 3 cl 9). The Treasurer controls proceeds allocation and can authorise tax directions and make orders declaring transaction completion (s 6; s 17; Schedule 6 Part 2 cl 4).
The Minister. Ministerial roles include control and direction of WAMC (s 3A(2)), transferring contaminated land to WAMC by Gazette order (s 3E), receiving reports from WAMC about acquisitions and disposals, and administering the WAMC Fund (s 3C; s 3I).
WAMC. The newly constituted statutory agency operating under Ministerial control (s 3A). It acquires and manages contaminated land and may enter into commercial arrangements and form private subsidiaries (s 3B; Schedule 5 cl 3).
Public sector agencies. Agencies that hold or receive WSN assets, or that are directed to grant relevant authorisations, are directly affected. The Act exempts public sector agencies from State taxes for relevant matters (s 17) and authorises the Treasurer to give them directions regarding grant of authorisations (s 13).
Transaction companies and private sector purchasers. Entities established, converted or sold as part of the transaction are affected by the Treasurer’s directions, share issue powers and vesting orders (s 10; s 12; Schedule 3).
Employees of WSN. Employees may be transferred to private employers or to Departments of the Public Service under Schedule 4. Permanent and temporary employees have choice rights, employment guarantees and preserved entitlements; casual and contract employees have more limited protection (Schedule 4 cl 2-8).
Indirectly affected parties
Councils and landowners adjacent to contaminated land. The Act allows transfer of contaminated land from councils to WAMC and back (s 3E-3F), and defines contaminated land broadly to include adjacent land requiring works to contain contamination (Dictionary).
Third-party counterparties to WSN contracts. The Act shields many changes from being treated as breaches or events of default (s 25), which alters the remedies available to counterparties.
Registration authorities. Registration bodies are required to accept certificates lodged by public sector transferees for registration without charging fees in connection with vesting orders (Schedule 3 cl 10(2)-(4)).
Tax authorities and beneficiaries of proceeds. The State receives transaction proceeds directly (s 6), and the Treasurer may make deductions approved to repay debt or reimburse public sector agencies. Public accounts such as the Consolidated Fund and the WAMC Fund are affected by the mandated allocation (s 6; s 3C).
Who pays and who decides
The State decides at the level of Treasurer and Minister. The Treasurer controls the process, decides on formation and disposal of transaction companies, directs agencies and determines asset composition for vestings (ss 9-12; Schedule 3 cl 9).
The State receives the financial benefit of any sale proceeds after allocation to the WAMC Fund (s 6; s 3C). Public sector agencies may receive Treasurer approvals for deductions to repay debts or reimburse expenses related to the transaction (s 6(3)). The Minister administers the WAMC Fund and may direct payments subject to the specified restrictions (s 3C).
Behavioural changes and operational consequences
Public agencies must be ready to implement Treasurer directions, process vesting orders, accept the limits on remedies and register transfers when provided with required certificates (ss 12; Schedule 3 cl 10).
Private purchasers or operators may obtain statutory assurances: relevant authorisations may be issued or replicated by direction (s 13), vestings convert rights and liabilities without further conveyance (Schedule 3 cl 3), and certain tax and fee charges can be excluded for public sector transfers but may apply to private purchases absent Treasurer direction (s 17).
Employees face new choices about transfer to private employment and short-term guarantees: permanent employees have a three year employment guarantee after transaction completion (Schedule 4 cl 3).
Concentration and diffusion of impacts
Concentrated control and discretionary power resides with the Treasurer and Minister, while the costs and administrative burdens,including remediation, ongoing maintenance of landfill liabilities, and potential service discontinuities,are distributed among public sector agencies, WAMC, and ultimately the State balance sheet, which in turn affects taxpayers through public finances (s 6; s 3C).
Key duties and rights
The Act primarily confers powers to the Treasurer and WAMC, prescribes duties for WAMC and some reporting obligations, and creates rights for certain classes of employees and transferees. The following are the principal duties, rights and statutory constraints.
Duties and obligations imposed on WAMC and its Chief Executive
WAMC’s functions include acquiring, controlling and managing contaminated land when the Chief Executive considers there is a risk to human health or the environment, and to provide services or to carry out remediation, use and development of such land, and to enter arrangements and charge fees (s 3B(1)(a)-(e)). The Chief Executive must be satisfied that any development on contaminated land will prevent further contamination and be compatible with mitigation of risk to health and the environment (s 3B(2)).
Reporting duty: WAMC must report to the Minister within two months after each reporting period on land acquired or disposed and, where disposed to non-state persons, the reasons for disposal to that person; the Minister must table those reports in Parliament within specified timeframes (s 3I).
Minister and Treasurer duties and constraints
The Minister administers the WAMC Landfill Rehabilitation Fund and is responsible for investment decisions consistent with the Government Sector Finance Act 2018 or Treasurer approval, and must comply with the constraint that transfers to the Consolidated Fund from the Fund cannot reduce the Fund below the amount of outstanding WAMC landfill liabilities (s 3C(1)-(4), (7)).
The Treasurer must prepare a public report on strategies for compliance with EPA waste management strategies and competition resolution matters in relation to the transaction, after consulting the EPA, and release it as soon as reasonably practicable after transaction completion (s 8).
The Treasurer has a broad duty to exercise functions necessary or convenient for the authorised transaction (s 9) and may delegate many powers subject to s 20.
Powers that bind and direct others
Directions to WSN and transaction companies: Treasurer directions are binding and must be complied with by the relevant entities and their officers while the entity remains a public sector agency; actions taken in compliance do not require approval of voting shareholders or portfolio Minister, and directors are protected from personal liability for acts done in compliance with directions (s 12(2), (5)-(6)).
Grant of relevant authorisations: The Treasurer can direct public sector agencies to grant relevant authorisations to proposed new operators, including the grant without application or displacement or modification of relevant laws, and specify conditions, subject to the restriction they must operate to transfer, replace or replicate an existing authorisation and be substantially the same as the existing one (s 13(1)-(2)). The Treasurer must consult with the public sector agency before giving such directions and the agencies must comply (s 13(3)-(4)).
Employee rights and protections
Continuity and entitlements: Transferred employees retain continuity of service, accrued leave entitlements, superannuation continuity and are covered by employment guarantee periods where permanent employees have three year guarantees and temporary employees up to three years or their remaining term, whichever ends earlier (Schedule 4 cl 3-7).
Choice rights: Permanent and temporary employees may decline transfer to private sector employment; casual and contract employees do not have the option and can be transferred (Schedule 4 cl 2(3)).
Rights and protections relating to vestings and transactions
Vesting effect: When assets, rights and liabilities are vested by vesting order under Schedule 3 cl 3, they vest without further conveyance and pending proceedings continue as against the transferee; registries must accept certificates and cannot charge fees for registration in connection with the vesting (Schedule 3 cl 3; cl 10(2)-(4)).
Non-liability and limitation of remedies: The Act provides that its operation, transfers and disclosures for the authorised transaction are not to be regarded as breaches of contract, confidence, instruments or as events of default, nor giving rise to remedies or compensation against the State for the enactment or operation of the Act, subject to specified exceptions for transaction arrangements (s 25; s 26).
Evidentiary and conclusive instruments
Treasurer certificates and determinations: Certificates by the Treasurer about compliance for corporate conversion are conclusive and not challengeable in court (Schedule 2 cl 2(2)-(3)). The Treasurer’s determinations whether particular assets, rights or liabilities are WSN assets are conclusive for vesting purposes (Schedule 3 cl 9). Certificates purporting to be signed by the Treasurer are admissible and evidence in legal proceedings (s 27).
Limits on duties or rights
The Act expressly does not make any State or Commonwealth body liable to prosecution (s 21(3)), and it binds the State and Crown in right of the State subject to the Crown Proceedings Act definitions (s 21(1), (3)). The Act also prescribes that a provision will be construed to avoid exceeding legislative power where possible (s 24).
Taken together, the Act creates a framework that confers strong executive powers to effect transfers and make regulatory and evidentiary adjustments to facilitate the transaction, while providing statutory protections to the State and to transferees in particular respects and conferring specific employee rights in transfer scenarios.
Penalties and enforcement
This Act contains few traditional criminal penalties or civil enforcement mechanisms. Instead it operates primarily by conferring executive powers, statutory overrides and evidentiary devices that change legal relationships and the availability of remedies. Where enforcement arises, it is largely administrative and consequence-driven rather than penal.
Absence of express criminal or administrative fines
The Act does not create offences prescribing criminal penalties for contraventions of the core facilitation provisions. It instead focuses on powers and directions that are binding on specified public bodies and on the operation of vestings and transfers (see ss 9-13, Schedule 3). There are no sections in the text that create monetary penalties or criminal sanctions for private parties or public officers for failure to comply with the Vesting or Transfer provisions.
Compliance and compulsion mechanisms
Mandatory compliance with directions. Directions given by the Treasurer to WSN and to transaction companies while they are public sector agencies must be complied with and are not subject to approval by voting shareholders or portfolio Ministers (s 12(2), (5)). Public sector agencies exercising functions under relevant laws must comply with Treasurer directions under s 13(4). The Act does not set out a statutory sanction for non-compliance; rather, it makes the directions binding and treats acts done in compliance as insulated from certain liabilities, which implies administrative enforcement via the public sector governance mechanisms.
Vesting orders operate by statute. A vesting order made by the Treasurer under Schedule 3 has immediate statutory effect to vest assets, rights and liabilities without need for further conveyance and to convert proceedings to be pending by or against the transferee (Schedule 3 cl 3). The statutory effect is self-executing; it does not require additional enforcement action.
Limitation or removal of private remedies
Section 25 restricts the availability of civil remedies in specified contexts. The operation of the Act, transfers of WSN assets, entering into or performance of obligations under transaction arrangements, and disclosures of information by public sector agencies for the purposes of the authorised transaction are not to be regarded as civil wrongs such as breaches of contract or confidence, do not give rise to remedies by parties to instruments, do not constitute events of default, and do not give rise to breaches or offences against provisions that would otherwise prohibit disclosure (s 25(1)-(2)). This operates as a statutory bar to many types of civil claims that might otherwise be available; it is a form of legal consequence rather than a penalty.
Section 26 excludes compensation by or on behalf of the State because of the enactment or operation of the Act, subject to compensation payable under transaction arrangements (s 26(1)-(2)). This eliminates a potential route for damages claims against the State for loss caused by the Act, again by statutory limitation rather than by enforcement.
Evidentiary devices and conclusive certificates
The Act creates evidentiary presumptions that reduce the scope for challenge in litigation. A Treasurer certificate purporting to certify that an order was made under the Act is admissible and is evidence of the matters certified (s 27). Schedule 2 cl 2(2) and (3) makes the Treasurer’s certificate about compliance for corporate conversion conclusive evidence that requirements have been complied with, and declares the certificate cannot be challenged in court or tribunal. Schedule 3 cl 9 makes Treasurer determinations about whether particular assets are WSN assets conclusive for the purposes of making vesting orders. These devices limit avenues of judicial scrutiny for particular administrative acts.
Administrative checks and reporting
The Treasurer must prepare and publish a report on strategies for compliance with EPA waste management strategies and strategies to resolve competition issues relating to the authorised transaction, after consultation with the EPA (s 8). The WAMC must report to the Minister about land acquisitions and disposals, and the Minister must provide those reports to Presiding Officers for tabling (s 3I). Those reporting duties create transparency and parliamentary accountability mechanisms as administrative checks, though they are not enforcement penalties.
Delegation and decision-making accountability
Delegation provisions permit the Treasurer and Minister to delegate many functions under s 20, but not the power of delegation itself. Delegations may be to specified public service officers, which embeds the normal machinery of public sector accountability and administrative law reviewability in decisions not insulated by the Act’s conclusive certificates.
In sum, enforcement occurs through binding directions and statutory effects of vesting orders, through removal of particular private-law remedies, and by evidentiary presumptions that insulate certain executive acts from challenge. The Act does not establish new criminal penalties; it changes rights and liabilities by statute and relies on administrative obligations, reporting and conclusive certificates to secure implementation.
How it interacts with other laws
The Act is drafted to be operationally dominant over an array of other statutory and contractual instruments that might impede the authorised transaction, and to integrate with Commonwealth corporate law and state public sector finance legislation where necessary.
Priority over other State legislation and constitutions
Section 22(1) provides that specified provisions do not operate to prevent the authorised transaction, including provisions of the State Owned Corporations Act 1989 and the (repealed) Waste Recycling and Processing Corporation Act 2001, and constitutions of WSN or subsidiaries. Section 22(2) states that where there is an inconsistency between this Act (or regulations) and other State legislation prescribed by regulation as inconsistent, this Act prevails to the extent of the inconsistency. The Act is therefore framed to override conflicting State rules to facilitate the authorised transaction.
Corporations Act displacement and corporate conversion
The Act contemplates corporate conversion of WSN into a company limited by shares under the Corporations Act and provides that certain direction powers in s 12 are declared to be Corporations Act displacement provisions for the purposes of s 5G of the Corporations Act (s 12(7)). Schedule 2 enables registration of WSN as a company and makes Treasurer certificates about conversion conclusive and not challengeable (Schedule 2 cl 2(2)-(3)). While the Act uses Commonwealth corporate forms, it expressly insulates some state executive acts from challenge.
Interaction with environmental and land law
WAMC’s functions expressly reference contaminated land as defined by the Contaminated Land Management Act 1997 and the Protection of the Environment Operations Act 1997 (s 3B; Dictionary). Section 13 lists relevant laws under which authorisations may be granted, displaced or modified by Treasurer direction, and that list includes Contaminated Land Management Act 1997, Environmental Planning and Assessment Act 1979, Protection of the Environment Operations Act 1997, Mining Act 1992, Sydney Water Act 1994, Water Act 1912, and Water Management Act 2000 (s 13(7)). The Treasurer must consult with the relevant public sector agency before issuing such directions (s 13(3)).
Effect on conveyancing, registration and State taxes
Conveyancing Act exemption. Section 18 removes the operation of section 52A of the Conveyancing Act 1919 for contracts for sale of land entered into for the purposes of the authorised transaction, which eliminates a statutory cooling-off right that would otherwise apply in some land sales.
Registration and fees. Schedule 3 cl 10 requires registration authorities to accept and act upon certificates lodged by public sector transferees, and disallows fees for registration functions in connection with vesting orders. Schedule 3 cl 3 makes vesting effective without conveyance.
State taxes. Section 17 exempts public sector agencies from State tax in relation to relevant matters connected to the transaction, and allows the Treasurer to direct that such taxes are not payable by private persons to the extent the Treasurer specifies (s 17(2)-(3)).
Interaction with industrial relations and Commonwealth law
Schedule 4 contemplates transferred employees and preserves terms, entitlements and guarantees but expressly provides that its provisions have no effect to the extent inconsistent with the Fair Work Act 2009 (Schedule 4 cl 10(1)). It also recognizes that some entitlements must be adjusted in accordance with Commonwealth law.
Statutory construction and limits on invalid applications
Section 24 contains a statutory construction device enabling the Act or instruments made under it to be read so as not to have invalid applications to the extent possible, while preserving the Parliament’s intention not to exceed legislative power where a valid application cannot be separated from an invalid one. This section supplements general rules under the Interpretation Act 1987 (s 24(4)).
Non-derogation and compensation exclusions
Section 25 declares that specified acts under the Act are not to be regarded as breaches of contract or other instruments and not to give rise to remedies, while s 26 declares no compensation is payable by or on behalf of the State because of the enactment or operation of the Act. Those provisions interact with general contract and tort law by statute, reducing the ability of counterparties to seek remedies on grounds related to the operation of the Act.
Evidentiary conclusive certificates
Sections and clauses providing conclusive Treasurer certificates or determinations (s 27; Schedule 2 cl 2; Schedule 3 cl 9) create points of friction with ordinary administrative law review, limiting judicial scrutiny of certain national or state actions insofar as the statute permits.
Parliamentary and administrative oversight
The Act requires public reporting by the Treasurer (s 8) and reporting by WAMC to the Minister with tabling obligations (s 3I), integrating the transaction into parliamentary oversight mechanisms that exist alongside the statutory overrides.
Taken together, the Act is designed to operate in a legal ecosystem by asserting priority over certain State laws, using Commonwealth corporate forms for conversion while displacing some Corporations Act governance rules, limiting remedies that would otherwise arise under common law or statutory instruments, and ensuring tax and registration frictions are reduced for public sector transfers.
Amendment history
The text contains internal amendment and renumbering notes that identify discrete changes over time. The key amendment markers in the statute text are as follows, with references to the Act’s own marginal notes.
2012 changes. Several notes indicate amendments in 2012, for example renumbering references in s 7 (renumbered as s 3C) and Schedule 5 annotated with 2012 No 95, Sch 2.40 entries. The legislation annotations identify Am 2012 No 95 in a number of places including renumbering and other Schedule changes.
2017 changes. Multiple sections include annotations noting amendment in 2017, for example s 7, s 12, s 20 and Schedule 5 referencing 2017 No 22, Sch 4.51. These annotate legislative adjustments and renumbering.
2018 changes. There are notes to s 6 and s 19 indicating amendments in 2018, for example s 6 history includes 2018 No 70, Sch 3.67 and s 19 includes Am 2018 No 70, Sch 4.116. These notes imply modifications to proceeds or auditing release provisions.
2023 amendments and renumbering. The Act has significant insertions and renumbering in 2023 under the Waste Recycling and Processing Corporation (Authorised Transaction) Amendment Act 2023, annotated as 2023 No 38, Sch 1. Notable changes include insertion of Part 1A (WAMC) provisions (pt 1A Ins 2023 No 38, Sch 1[3]), renumbering of several sections to s 3A and s 3C (s 3A previously s 16, s 3C previously s 7), and insertion of Schedule 6 Part 2 consequential provisions tied to the Amendment Act (Schedule 6 Part 2 cl 2-4). The Schedule 6 Part 2 expressly contemplates the repeal of the authorised transaction provisions upon the Treasurer’s declaration of completion (Schedule 6 Part 2 cl 4). The marginal notes identify numerous Sch 1 references across the Act indicating the 2023 amendment package was extensive, including new divisions, renumberings and insertions.
Repealed sections. The marginal notes show s 29 and some provisions are repealed, including s 29 flagged as Rep 2023 No 38, Sch 1[10], and s 30 repealed earlier.
How to read the amendment history operationally
The Act’s annotated history in the printed text is the authoritative source for changes recorded there. Schedule 6 Part 2 establishes transitional arrangements and provides that, upon the Treasurer publishing an order declaring completion of the authorised transaction, specified authorised transaction provisions are repealed (Schedule 6 Part 2 cl 4). The Amendment Act (2023) and its schedules appear intended to both add WAMC provisions and to define a clear sunset mechanism for the core authorised transaction powers once the Treasurer declares they are no longer needed.
The Act’s own renumbering and insertions must be consulted in the current consolidated version. The marginal amendment notes in the Act indicate the legislature's sequence of adjustments and that the 2023 amendment both added WAMC and created mechanisms to conclude the authorised transaction regime.
This summary is strictly confined to the amendment notes present in the source text. If historical versions or specific prior text are required for litigation or regulatory compliance, the legislative history maintained on NSW legislation databases should be consulted to retrieve pre-amendment versions and to verify the precise text changed at each amendment date.
Litigation history
The Act’s text, as provided, does not record any judicial decisions, cases or litigation applying or interpreting the provisions. The source contains no named judicial authorities or reported decisions. Several provisions are drafted to limit or preclude certain judicial review avenues, for example:
Schedule 2 cl 2(3) declares that the Treasurer’s certificate about corporate conversion "cannot be challenged, reviewed or called into question in proceedings before any court or tribunal". This provision narrows the scope for litigation about the statutory compliance of conversion.
Schedule 3 cl 9 makes Treasurer determinations about whether particular assets, rights or liabilities are WSN assets conclusive as to the matters determined, which limits factual disputes in litigation about asset composition for vesting orders.
Section 27 provides that a certificate purporting to be signed by the Treasurer is admissible and is evidence of matters certified, which has evidentiary implications in any prospective proceedings.
Because the provided source contains no reported litigation, the statute should be treated as having embedded statutory limits on litigation in certain contexts. Parties engaging with actions under the Act should assume that challenges to specified Treasury certifications and determinations are statutorily constrained and seek legal advice on any residual grounds for review available under administrative law, such as jurisdictional error or incompatibility with constitutional limits, noting the Act contains its own construction device intended to preserve valid applications when possible (s 24). If precedent or case law is needed, the consolidated legal database and court reports should be searched for decisions post-dating the cited amendments, because the Act’s provisions were drafted to reduce contestability of certain decisions.
Gotchas
This section flags concrete statutory mechanics, traps, and points where practitioners and advisers should pay careful attention to the statute’s operational effects.
Transfers can occur despite other laws, and without compensation. Section 3G(1) and (2) permit land transfers under the Act to be effected despite requirements in other Acts or laws and state no compensation is payable in connection with operation of s 3G. Practitioners should not assume standard property or contractual protections, including compensation remedies, apply where the Act is operative for a transfer.
Vesting orders operate without conveyance and trigger automatic transfer of proceedings. Schedule 3 cl 3(a)-(c) vests assets and transfers rights and liabilities without need for conveyance, and pending proceedings continue by or against the transferee. Contracts or registrations that normally require consent or instrument transfer may be overridden. Ensure vesting orders correctly identify interests and any conditions because they are self-executing.
Treasurer’s certificates and determinations are conclusive and not challengeable. Schedule 2 cl 2(2)-(3) and Schedule 3 cl 9 create conclusive certainties about corporate conversion compliance and whether assets are WSN assets. An order founded on such a certificate or determination is therefore difficult to challenge; consider constitutional limits and potential jurisdictional error as narrow review avenues.
Directions displace corporate governance and protect directors. Section 12 permits the Treasurer to give directions to WSN and transaction company officers and declares those directions must be complied with, and directors are not personally liable for acts done in compliance (s 12(2), (6)). This can materially change the fiduciary landscape for boards while entities remain public sector agencies. Directors who later operate in the private sector need to be alert to the provenance and timing of directions.
Relevant authorisations can be granted without application but are constrained. Section 13 allows the Treasurer to require grant of relevant authorisations without application or by modifying relevant laws, but only to the extent that the authorisation transfers, replaces or replicates an existing authorisation and is subject to substantially the same terms (s 13(1)-(2)). Do not assume entirely new regulatory entitlements can be created by direction.
Employee transfer choices. Permanent and temporary employees can decline transfer to the private sector, whereas casual and contract employees cannot (Schedule 4 cl 2(3)). Employment guarantees are limited to three years for permanent employees and shorter for temporary employees (Schedule 4 cl 3). Labour advisers need to check whether an employee is correctly categorised before transfer orders are made.
State tax and duty exemptions apply selectively. Section 17 exempts public sector agencies from State taxes in relation to relevant matters, and the Treasurer may direct the extent of exemptions for non-public sector persons (s 17(2)-(3)). Transaction parties should verify whether Treasurer orders affect their tax liabilities or require payments prior to or after the Treasurer’s order.
Conveyancing cooling-off exclusion. Section 18 removes operation of Conveyancing Act s 52A for contracts for sale of land entered into for purposes of the authorised transaction. Practitioners drafting sale contracts should not assume statutory cooling-off rights apply, and buyers should carefully consider protections by contract.
WAMC cannot employ staff directly. Schedule 5 cl 2 provides the Corporation cannot employ staff; staff are to be employed under Public Sector Employment and Management Act mechanisms. Operationally, WAMC will rely on public service staffing structures, which affects procurement, secondments and delegation of duties.
The Act restricts compensation claims and remedies for operation of the Act. Sections 25 and 26 limit the circumstances in which remedies or compensation can be sought against the State for enactment or operation of the Act. When advising counterparties, confirm whether a claim arises from conduct within the scope of the Act or under separate transaction arrangements where compensation may still be payable.
Repeal mechanism on transaction completion. Schedule 6 Part 2 cl 4 allows the Treasurer, by Gazette order, to declare transaction completion and repeal the authorised transaction provisions (Schedule 6 Part 2 cl 4(1)-(2)). Once declared, many of the Act’s special powers may be removed, so parties should timetable actions and rights to the declared completion status.
Interaction with Commonwealth law. Schedule 4 cl 10 states the employment protections do not operate to the extent inconsistent with the Fair Work Act 2009. Where Commonwealth industrial law applies, state protections may be displaced.
Each of these is a statutory-level fact drawn from the cited provisions. Practitioners should treat the Act as restructuring legal relations by statute rather than by negotiation, and plan for the Act to pre-empt many typical contractual or property remedies in the context of the authorised transaction.
How to comply
This section sets out concrete steps and compliance points for public sector agencies, WAMC, transaction companies, private purchasers, and employee representatives dealing with activities under the Act. Every step references the statutory provision that imposes the duty or creates the right.
For the Treasurer and central agencies
Exercise and record Treasurer directions. Directions under s 12 and s 13 are binding and require consultation in the case of s 13(3). Keep written records of consultation and the statutory basis for direction. Ensure any direction to grant relevant authorisations complies with s 13(2) by operating to transfer, replace or replicate existing authorisations and by containing substantially similar terms.
Manage proceeds and Fund administration. When transaction proceeds are received, apply s 6 to allocate amounts to the WAMC Landfill Rehabilitation Fund for outstanding WAMC landfill liabilities and remit balance to the Consolidated Fund. Appoint the Technical Consultant required by s 3C(5) to determine outstanding liabilities and ensure the annual report of WAMC includes payments from the Fund as required by s 3C(6).
Prepare and publish the Treasurer’s report. Prepare the report required by s 8 on EPA compliance strategies and competition resolution measures. Consult the EPA in the process and publish the report promptly after completion of the authorised transaction.
For WAMC and the Minister
Follow functions and development constraints. WAMC, through its Chief Executive, must only carry out development on contaminated land if satisfied it will prevent further contamination and be compatible with mitigation of risks to human health and the environment, per s 3B(2). Document the Chief Executive’s satisfaction and technical basis.
Maintain reporting obligations. WAMC must report to the Minister within two months of each reporting period about land acquisitions and disposals, and the Minister must table those reports in Parliament within the prescribed timetables (s 3I). Set internal processes to deliver those reports and track disposals to third parties so reasons for disposal can be recorded.
Administer the Fund prudently. The Minister administers the WAMC Fund and may invest it pursuant to Government Sector Finance Act rules or Treasurer approval (s 3C(7)). Ensure payments to the Consolidated Fund do not reduce the Fund balance below the outstanding liabilities floor per s 3C(4).
For public sector agencies and registration authorities
Comply with Treasurer directions and authorisation orders. Agencies must comply with s 13 and any directions under s 12. Where the Treasurer directs grant of a relevant authorisation, process any certificate or paperwork promptly and apply the same or substantially similar conditions as previously in force, as required by s 13(2).
Accept certificates and update registers. Registration authorities must accept certificates supplied by transferring public sector transferees and act on them without requiring any particular form, and cannot charge fees in connection with the vesting (Schedule 3 cl 10(2)-(4)). Ensure registry processes accept statutory certificates and that staff are aware of the statutory obligation to accept and implement vestings.
For transaction companies and private purchasers
Check status of entity before relying on corporate governance. While transaction companies remain public sector agencies they are bound by Treasurer directions (s 12). If transaction companies are created or converted under s 10 and Schedule 2, verify the timing of conversion and any Treasurer directions affecting conduct. Note s 12(7) that some provisions operate as Corporations Act displacement provisions.
Obtain and verify relevant authorisations. Where a new operator requires authorisations under listed environmental, planning or water laws, obtain copies of any Treasurer directions made under s 13, and ensure conditions replicate the terms of the existing authorisations as required by s 13(2). Confirm that a relevant authorisation granted cannot be suspended or cancelled on grounds of corporate conversion under s 13(6).
Pay attention to tax orders. Confirm whether s 17 Treasurer orders affect applicable State taxes and duties. Do not assume automatic tax exemption unless there is an explicit Treasurer written order in respect of the relevant matter.
For employees and unions
Determine employee category and consent rights. Identify whether employees are permanent, temporary, casual or contract employees, because permanent and temporary employees may decline transfer to the private sector while casual and contract employees cannot (Schedule 4 cl 2(3)). If an employee is to be transferred, confirm the employment guarantee period (three years for permanent employees from transaction completion, and up to three years or the remainder of the temporary term for temporary employees) and retain records of pre-transfer terms and conditions for continuity purposes (Schedule 4 cl 3-4).
Preserve accrued entitlements and superannuation. Ensure continuity of employment is documented and accrued leave entitlements are preserved per Schedule 4 cl 6-7. The new employer is taken to be the employer for superannuation purposes (Schedule 4 cl 5(2)); make necessary arrangements for continued contributions and entitlement records.
For legal advisers and contracts teams
Draft transaction documents cognisant of statutory overrides. Where transaction arrangements are entered into, ensure contracts reflect that certain statutory acts will not be treated as breaches or events of default under s 25. If contract parties require protection beyond the statutory regime, negotiate express contractual protections and guarantees where possible.
Use Treasurer certificates as evidentiary support. Where a vesting order, registration or conversion has been certified by the Treasurer, rely on s 27 and Schedule 2 cl 2(2)-(3) when drafting warranties and covenants, but be mindful that some certificates are conclusive and not challengeable.
Plan for Conveyancing Act exemptions. If land sales are part of the transaction, be aware that cooling-off rights under Conveyancing Act s 52A do not apply where the contract is for the purposes of the authorised transaction (s 18). Adjust contract terms accordingly to ensure appropriate buyer protections are negotiated into the contract.
Governance and documentation steps common to all parties
Gazette orders. Many transfers and declarations require Gazette orders, including transfer of land to or from WAMC (s 3E-3F) and the Treasurer’s declaration of completion that will repeal the authorised transaction provisions (Schedule 6 Part 2 cl 4). Monitor the Government Gazette for such orders and ensure internal systems update titles, registers and accounting on publication day.
Keep detailed records and technical support. Appoint and document a Technical Consultant where required by s 3C(5) to determine outstanding landfill liabilities. Maintain environmental risk assessments, remediation plans and costs to support WAMC decisions under s 3B and Fund payments under s 3C.
Understand transitional timing. Be aware of the Schedule 6 transitional rules and the two year limits on savings or transitional regulations (Schedule 6 cl 1(2)-(3)). Time critical actions may be affected by the Treasurer’s order declaring completion, which will remove authorised transaction provisions.
Following these compliance steps will reduce legal and operational risk. Parties should obtain specific legal advice tailored to the particular assets, authorisations and employee categories involved, because the Act intentionally changes customary legal relationships by statute and creates narrow windows for contractual protection outside transaction arrangements.
(a) to acquire, control and manage contaminated land if, in the Chief Executive’s opinion, the land presents a risk of harm to human health or the environment,
(b) to provide services and do other things for the following purposes in relation to contaminated land acquired, controlled or managed under paragraph (a)—
(i) the remediation of the land,
(ii) the use or development of the land,
(iii) activities that relate to or are incidental to the management, use or development of the land.
Examples—
1 using the land for landfill operations before the land is remediated
2 following remediation of the land, using the land for use as a public recreation facility until the land is sold to another person
(c) to enter into arrangements with a person or body in connection with its other functions, including arrangements for third parties to carry out development for the WAMC on land owned by the WAMC,
(d) functions conferred on the WAMC by this Act or another Act,
(e) functions supplementary or incidental to the exercise of its other functions, including the following—
(i) entering contracts or arrangements,
(ii) charging fees for services,
(iii) conducting business, for example, generation of renewable energy or creation and sale of carbon credits or biodiversity credits,
(f) other prescribed functions in relation to land owned or managed by the WAMC.
(2) In carrying out development on contaminated land, the Chief Executive must be satisfied the development will—
(a) prevent further contamination of the land, or
(b) be compatible with action taken to mitigate or minimise the risk of harm to human health or the environment presented by contaminants on the land.
s 3B: Ins 2023 No 38, Sch 1[3].
3C WAMC Landfill Rehabilitation Fund
3C WAMC Landfill Rehabilitation Fund
3C WAMC Landfill Rehabilitation Fund
(1) There is to be established in the Special Deposits Account a fund called the WAMC Landfill Rehabilitation Fund (the Fund). The Fund is to be administered by the Minister.
(2) There is payable into the Fund—
(a) out of the transaction proceeds under section 6, the amount of all outstanding WAMC landfill liabilities as at the completion of the authorised transaction (as determined under this section),
(b) interest and any other amounts accruing from time to time from the investments of the Fund.
(3) There is payable from the Fund—
(a) amounts in payment of (or in reimbursement for the payment of) any outstanding WAMC landfill liabilities, as directed by the Minister from time to time,
(b) amounts for payment to the Consolidated Fund as directed by the Minister from time to time, but only as permitted by this section,
(c) administrative expenses incurred in relation to the Fund.
(4) The Minister cannot direct a payment from the Fund to the Consolidated Fund if the balance standing to the credit of the Fund at the time of the payment is less than the amount of all outstanding WAMC landfill liabilities at that time.
(5) The amount of all outstanding WAMC landfill liabilities as at the completion of the authorised transaction is to be determined and reported to the Treasurer by the person appointed by the Treasurer as Technical Consultant for the authorised transaction.
(6) The annual report of the Waste Assets Management Corporation is to include details of the amounts paid from the Fund during the financial year to which the report relates and the purposes for which those payments were made.
(7) The Minister may invest money in the Fund—
(a) if the Minister is a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way that the Minister is permitted to invest money under that Part, or
(b) if the Minister is not a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way approved by the Treasurer.
(8) In this section—
outstanding WAMC landfill liabilities means any liabilities of WSN in relation to the rehabilitation and future maintenance of landfill sites that become liabilities of the Waste Assets Management Corporation pursuant to the authorised transaction.
s 3C (previously s 7): Renumbered 2023 No 38, Sch 1[5].
Division 2 Dealings with land
Division 2 Dealings with land
Division 2 Dealings with land
pt 1A, div 2: Ins 2023 No 38, Sch 1[3].
3D Acquisition of land
3D Acquisition of land
3D Acquisition of land
The WAMC may, for this Act, acquire land or other property, or an interest in land or other property—
(a) by agreement, or
(b) in accordance with section 3F.
s 3D: Ins 2023 No 38, Sch 1[3].
3E Transfer of land to WAMC
3E Transfer of land to WAMC
3E Transfer of land to WAMC
(1) The Minister may, by order published in the Gazette, transfer land comprising, wholly or in part, contaminated land—
(a) from the State or a government agency to the WAMC, or
(b) from a council to the WAMC.
(2) The Minister may transfer land under subsection (1) only if—
(a) both parties to the transfer have consented to the transfer, and
(b) the Treasurer has approved the transfer or the transfer is in accordance with a Treasurer’s direction under the Government Sector Finance Act 2018.
(3) On the day the order is published in the Gazette (the transfer day), the land vests in the WAMC for an estate in fee simple—
(a) without the need for further conveyance, transfer, assignment or assurance, and
(b) subject to the trusts, estates, interests, dedications, conditions, restrictions and covenants to which the land was subject immediately before the day the order is published.
(4) On the transfer day, the following provisions have effect—
(a) the rights or liabilities of the transferor in relation to the land become the rights or liabilities of the WAMC,
(b) all proceedings relating to the land commenced before the transfer day by or against the transferor and pending immediately before the transfer day are taken to be proceedings pending by or against the WAMC,
(c) an act, matter or thing done or omitted to be done in relation to the land before the transfer day by, to or in relation to the transferor is, to the extent to which the act, matter or thing has force or effect, taken to have been done or omitted to be done by, to or in relation to the WAMC,
(d) a reference in an Act, in an instrument made under an Act or in a document to the transferor is, to the extent it relates to the land or the rights or liabilities, to be read as, or as including, a reference to the WAMC.
s 3E: Ins 2023 No 38, Sch 1[3].
3F Transfer of land from WAMC
3F Transfer of land from WAMC
3F Transfer of land from WAMC
(1) The WAMC may, by written notice, advise the Minister that certain land is no longer required to be owned or managed by the WAMC for risks to human health or the environment to be properly managed in relation to the land.
(2) The Minister may, by order published in the Gazette, transfer the land specified in the order from the WAMC to—
(a) for land transferred to the WAMC from the State or a government agency—the State, the government agency or, with the agreement of both parties to the transfer, another government agency, or
(b) for land transferred to the WAMC from a council—the council.
(3) On the day the order is published in the Gazette (the transfer day), the land vests in the transferee for an estate in fee simple—
(a) without the need for further conveyance, transfer, assignment or assurance, and
(b) subject to the trusts, estates, interests, dedications, conditions, restrictions and covenants to which the land was subject immediately before the day the order is published.
(4) On the transfer day, the following provisions have effect—
(a) the rights or liabilities of the WAMC in relation to the land become the rights or liabilities of the transferee,
(b) all proceedings relating to the land commenced before the transfer day by or against the WAMC and pending immediately before the transfer day are taken to be proceedings pending by or against the transferee,
(c) an act, matter or thing done or omitted to be done in relation to the land before the transfer day by, to or in relation to the WAMC is, to the extent to which the act, matter or thing has force or effect, taken to have been done or omitted to be done by, to or in relation to the transferee,
(d) a reference in an Act, in an instrument made under an Act or in a document to the WAMC is, to the extent it relates to the land or the rights or liabilities, to be read as, or as including, a reference to the transferee.
s 3F: Ins 2023 No 38, Sch 1[3].
3G Effect of transfer of land under this part
3G Effect of transfer of land under this part
3G Effect of transfer of land under this part
(1) Land may be transferred under this part despite a requirement of another Act or law that relates to dealing with or disposing of the land.
(2) No compensation is payable to a person or body in connection with the operation of this section.
(3) The operation of this section must not be regarded as—
(a) a breach of contract or confidence or otherwise as a civil wrong, or
(b) a breach of a contractual provision prohibiting, restricting or regulating the assignment or transfer of assets, rights or liabilities, or
(c) giving rise to a remedy by a party to an instrument, or causing or permitting the termination of an instrument, because of a change in the beneficial or legal ownership of an asset, right or liability.
(4) Duty under the Duties Act 1997 is not chargeable for or in relation to—
(a) a vesting or transfer of land effected under this section or in accordance with arrangements entered into under this Act, or
(b) anything certified by the Minister as having been done in consequence of the vesting or transfer or under the arrangements.
s 3G: Ins 2023 No 38, Sch 1[3].
3H Sale of land by WAMC
3H Sale of land by WAMC
3H Sale of land by WAMC
The WAMC may, with the consent of the Minister, sell or exchange land owned by the WAMC, including by disposing of a fee simple estate in the land.
s 3H: Ins 2023 No 38, Sch 1[3].
3I Requirement to report about acquisitions and disposal of land
3I Requirement to report about acquisitions and disposal of land
3I Requirement to report about acquisitions and disposal of land
(1) The WAMC must, within 2 months after the end of each reporting period, give the Minister a report about the following—
(a) land acquired, or disposed of, by the WAMC in the reporting period, including land bought, sold, exchanged or otherwise transferred to or from the WAMC,
(b) if the WAMC disposed of land to a person other than the State, a government agency or a council within the reporting period—the reason for the decision to dispose of the land to that person.
(2) The Minister must, within 5 sitting days after being given a report under subsection (1), provide the report to the Presiding Officer of each House of Parliament.
(3) A report provided to the Presiding Officer of a House of Parliament under subsection (2) must be laid before that House within 5 sitting days of that House after it is received by the Presiding Officer.
(4) In this section—
reporting period means the following periods—
(a) the period starting on 1 January in a year and ending on 30 June in that year,
(b) the period starting on 1 July in a year and ending on 31 December in that year.
s 3I: Ins 2023 No 38, Sch 1[3].
Part 2 The authorised transaction
Part 2 The authorised transaction
Part 2 The authorised transaction
4 Authority for transfer of WSN assets to private sector
4 Authority for transfer of WSN assets to private sector
4 Authority for transfer of WSN assets to private sector
This Act authorises the transfer to the private sector of any WSN assets.
5 Transfer of WSN assets to public sector agencies
5 Transfer of WSN assets to public sector agencies
5 Transfer of WSN assets to public sector agencies
This Act authorises the transfer of any WSN assets to one or more public sector agencies.
6 Proceeds of transaction
6 Proceeds of transaction
6 Proceeds of transaction
(1) The proceeds of the transfer of WSN assets to the private sector pursuant to the authorised transaction (the transaction proceeds) belong to and are payable directly to the State.
(2) The transaction proceeds paid to the State are to be paid as follows—
(a) the amount of all outstanding WAMC landfill liabilities on the completion of the authorised transaction (determined as provided by section 7) is to be paid into the WAMC Landfill Rehabilitation Fund under that section,
(b) the balance of the transaction proceeds are to be paid into the Consolidated Fund.
(3) The following deductions are authorised to be made from the transaction proceeds—
(a) deduction of such amounts as the Treasurer approves to repay debt and satisfy other liabilities of a public sector agency in respect of WSN assets transferred for the purposes of the authorised transaction
This is an opening excerpt, not the complete document.