The object of this Bill is to amend the Centennial Park and Moore Park Trust
Act 1983 (the Act) as follows:

(a) to extend the maximum term of a lease over Trust lands into which the
Centennial Park and Moore Park Trust (the Trust) may enter from 20 years to
50 years, or 99 years with the approval of the Minister,

(b) to facilitate the management of the Trust by extending the power of the Trust
to delegate its functions to authorised persons and by allowing the Trust to
conduct its business without the necessity for a formal meeting.

This Bill also makes a number of amendments by way of statute law revision
(including in relation to the land vested in the Trust and the removal of spent
provisions relating to vesting).

Note: If this Bill is not modified, these Explanatory Notes would reflect the Bill as passed in the House. If the Bill has been amended by Committee, these Explanatory Notes may not necessarily reflect the Bill as passed.

 

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