Commonwealth Numbered Acts

HEALTH INSURANCE COMMISSION ACT 1973 No. 41 of 1974 - SECT 38

38. (1) The Commission shall not, without the approval of the Minister-

   (a)  acquire any property, right or privilege for a consideration exceeding
        in amount or value $100,000 or, if a higher amount is prescribed, that
        higher amount;

   (b)  dispose of any property, right or privilege where the amount or value
        of the consideration for the disposal, or the value of the property,
        right or privilege, exceeds $100,000 or, if a higher amount is
        prescribed, that higher amount;

   (c)  enter into a contract under which the Commission is to pay, or
        receive, whether by way of a lump sum or by way of periodical
        payments, an amount exceeding $100,000 or, if a higher amount is
        prescribed, that higher amount; or

   (d)  enter into a lease of land for a period exceeding 10 years.

(2) Except as otherwise approved by the Minister administering the Lands
Acquisition Act 1955-1966, the acquisition (including acquisition by
agreement) of land acquired for the purposes of the Commission shall be
effected under that Act.