Australian Capital Territory Numbered Acts

CITY RENEWAL AUTHORITY AND SUBURBAN LAND AGENCY ACT 2017 (NO. 12 OF 2017) - SECT 9

    (1)     The functions of the authority are, in relation to an urban renewal precinct, to—

        (a)     carry out urban renewal; and

        (b)     buy and sell leases of land on behalf of the Territory; and

        (c)     make arrangements for the public service or another entity to carry out development or works; and

        (d)     support public and private sector investment and participation in urban renewal, including by supporting development that is attractive to potential investors and participants; and

        (e)     manage orderly urban renewal, including holding, managing and selling land and other property; and

        (f)     support cooperation between the authority, the community, and relevant entities (for example, industry groups); and

Note     An example is part of the Act, is not exhaustive and may extend, but does not limit, the meaning of the provision in which it appears (see Legislation Act

, s 126 and s 132).

        (g)     support high quality design, planning and delivery of sustainable urban renewal; and

        (h)     meet housing targets determined under section 65 (Affordable, community and public housing targets); and

              (i)     support statutory greenhouse gas emissions targets and deliver environmentally sustainable development; and

        (j)     follow and support whole-of-government strategies; and

        (k)     any other function given to the authority under this Act or another territory law.

Note 1     A territory authority must not do any act, or approve the doing of an act, that is inconsistent with the territory plan

(see Planning and Development Act 2007

, s 50).

Note 2     A provision of a law that gives an entity (including a person) a function also gives the entity powers necessary and convenient to exercise the function (see Legislation Act

, s 196 and dict, pt 1, def entity ).

    (2)     The authority must exercise the authority's functions in a way that is consistent with the statement of operational intent.

    (3)     With the approval of the Minister and the Treasurer, the authority may exercise its functions—

        (a)     through subsidiaries, joint ventures or trusts; or

        (b)     by holding shares in, or other securities of, corporations.

    (4)     In this section:

"support" an outcome, includes promote, encourage, facilitate and deliver the outcome.