S. 3(1) amended by Nos 8972 s. 3(1), 81/2009 s. 30(2), 7/2016 s. 45(2).
(1) Notwithstanding anything in any Act the corporation of the City of Geelong as committee of management of the land described in the Second Schedule to this Act, other than any Kardinia Park Trust Land within the meaning of the Kardinia Park Stadium Act 2016 , may from time to time grant leases or licences of that land or any part thereof for the purposes of sport or recreation or social activities or purposes connected therewith.
S. 3(2) amended by No. 81/2009 s. 30(3).
(2) A lease or licence under this section—
(a) shall be subject to such conditions covenants exceptions and reservations as the said council thinks fit;
S. 3(2)(b) amended by No. 8972 s. 3(2).
(b) shall be for a term not exceeding forty years; and
(c) shall if the term exceeds three years be subject to approval by the Governor in Council.
S. 3(3) amended by Nos 8972 s. 3(3), 81/2009 s. 30(3).
(3) The moneys received by way of rent under a lease or licence granted under this section may be applied by the said corporation towards the maintenance and improvement of the said land.
(4) No person or body of persons whosoever or
whatsoever shall be entitled to receive or shall receive from the Crown any
money or consideration by way of compensation in respect of any improvement
whatsoever or of any act matter or thing under this section.