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LOCAL GOVERNMENT REGULATION 2012 - REG 227
Valuable non-current asset contract—tenders or auction needed first
227 Valuable non-current asset contract—tenders or auction needed first
(1) A local government can not enter into a valuable non-current asset
contract unless it first— (a) invites written tenders for the contract under
section 228 ; or
(b) offers the non-current asset for sale by auction.
(2)
This section is subject to division 4 .
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