(1) In this section prescribed amount means—
(a) $50 000; or
(b) if a greater amount is prescribed for the purposes of this section, that greater amount.
S. 19(2) amended by No. 76/1998 s. 3(1)(j).
(2) A contract or agreement entered into by the Secretary where—
(a) the consideration exceeds the prescribed amount; or
(b) the period for performance exceeds three years—
has no force or effect unless approved by the Minister.
(3) This section does not apply to a land management co-operative agreement under Part 8.
S. 20 amended by No. 76/1998 s. 3(1)(j).