48Restriction on alienation of land in special areas

48 Restriction on alienation of land in special areas

48 Restriction on alienation of land in special areas

(1) Water NSW must not alienate, mortgage, charge or demise land in a special area that is owned by or vested in Water NSW unless—

(a) to or in favour of the Minister administering the National Parks and Wildlife Act 1974 (at no cost to that Minister), or

(b) authorised by an Act of Parliament.

(2) Nothing in subsection (1) operates—

(a) to extinguish or otherwise affect any existing lease or other interest in the land in a special area, or

(b) to prevent the renewal of any such lease or other interest, or

(c) to prevent the grant of a lease or other interest in the land in accordance with any plan of management prepared in relation to the land under this Act.