(1)  The Minister may enter into a positive or negative covenant, or both, relating to any land within the Parliamentary precinct redevelopment site on, or in anticipation of, the sale or transfer of that land.

(2)  The Minister may enter into an agreement concerning the use or development, or both, of any land within the Parliamentary precinct redevelopment site on, or in anticipation of, the sale or transfer of that land.

(3)  The Minister, in writing, may direct the Recorder of Titles to record a covenant or agreement entered into under this section on the folio of the Register relating to land which is the subject of the covenant or agreement.

(4)  On receipt of a direction under subsection (3) , the Recorder of Titles is to record the covenant or agreement on the relevant folio of the Register as he or she considers appropriate.

(5)  The benefits and burdens of a covenant or agreement made under this section run with the land to which the covenant or agreement relates, and the covenant or agreement is enforceable between the parties to it and any person deriving title to the land under any such party.