Commonwealth Consolidated Acts

SYDNEY HARBOUR FEDERATION TRUST ACT 2001 - SECT 24

  (1)   The Trust must not sell or otherwise transfer the freehold interest in:

  (a)   any land mentioned in Schedule   1; or

  (b)   land identified in a plan as having significant environmental or heritage values;

unless:

  (c)   the sale or transfer is to the Commonwealth, New South Wales or an affected council; and

  (d)   the instrument under which the sale or transfer occurs includes a condition that the land not be sold or otherwise transferred other than to the Commonwealth, New South Wales or an affected council.

  (1A)   A purported sale or transfer of a freehold interest by an instrument that does not comply with paragraph   (1)(c) or (d) is not effective.

  (1B)   The Trust must not sell or otherwise transfer the freehold interest of any land mentioned in Schedule   2 without the written approval of the Minister.

  (2)   If the Trust agrees to sell or otherwise transfer the freehold interest of any Trust land, then the Trust must seek the Minister's approval, in writing, of:

  (a)   the terms and conditions of the agreement; and

  (b)   the transferee.