The criteria for the direct sale of a lease of land in the UNSW campus to the University of NSW are—
(a) the University has given the territory planning authority the following:
(i) a master plan approved by the Executive;
(ii) a development proposal for the land in accordance with the UNSW precinct deed;
(iii) a works approval approved by the National Capital Authority which is consistent with subparagraphs (i) and (ii); and
(b) the territory planning authority is satisfied that the University has the financial capacity, and relevant experience, qualifications, expertise and other resources, to develop and manage the land.