Australian Capital Territory Numbered Acts

CITY RENEWAL AUTHORITY AND SUBURBAN LAND AGENCY ACT 2017 (NO. 12 OF 2017) - SECT 26

    (1)     The Treasurer may direct the authority to pay to the Territory—

        (a)     the amount stated in the direction; or

        (b)     an amount calculated in the way stated in the direction.

    (2)     The Treasurer may also, in writing, direct the authority—

        (a)     how to make the payment; and

        (b)     when to make the payment; and

        (c)     about the conditions relating to payment.

    (3)     In giving a direction under subsection (1), the Treasurer must have regard to—

        (a)     the authority's assets and liabilities; and

        (b)     the authority's income and expenditure; and

        (c)     the authority's ability to exercise its functions; and

        (d)     the requirement that the Territory obtain a reasonable return from the development and disposal of land.

    (4)     A direction under this section is a notifiable instrument.

Note     A notifiable instrument must be notified under the Legislation Act

.