26Powers of Board over certain property vested in Crown

26 Powers of Board over certain property vested in Crown

26 Powers of Board over certain property vested in Crown

(1) If any property used for the conduct of the University is vested in the Crown or a Minister of the Crown (whether as Constructing Authority or otherwise), the Board has the control and management of that property and is responsible for its maintenance.

(2) Nothing in subsection (1) enables the Board to alienate, mortgage, charge or demise any land vested in the Crown or a Minister of the Crown (whether as Constructing Authority or otherwise).

(3) Despite subsection (2), the Board may (on behalf of the Crown or a Minister of the Crown) lease land of which it has, pursuant to this section, the control and management.

(4) Such a lease—

(a) must not be granted for a term (including any option for the grant of a further term) exceeding 21 years except with the approval of the Minister, and

(b) is to contain a condition that the lease is not to be assigned and such other conditions as the Board thinks fit.

(5) The Board is, in the exercise of its functions under this section, subject to the control and direction of the Minister.

s 26: Am 2014 No 43, Sch 1.9 [6].