Victorian Numbered Acts

TRANSPORT INTEGRATION ACT 2010 (NO. 6 OF 2010) - SECT 94

    (1)     The Roads Corporation may with the approval of the Minister—

        (a)     sell any surplus land;

        (b)     grant leases of any surplus land, or in the case of the Secretary, the Director of Public Transport, Victorian Rail Track or V/Line Corporation, grant a lease of any land for nominal consideration, and may do so notwithstanding that the land is land which was granted to the Roads Corporation or to any other person subject to a trust or condition requiring it to be used for some particular purpose or land temporarily or permanently reserved for any purpose under the Crown Land (Reserves) Act 1978 or any previous Act relating to Crown land;

        (c)     develop any surplus land and for this purpose may—

              (i)     subdivide and re-subdivide the land;

              (ii)     consolidate the title to the land;

              (iii)     grant or create in favour of any person any easement over the land upon the terms and conditions that the Roads Corporation considers appropriate;

              (iv)     effect or arrange with other persons for the development of the land upon the terms and conditions that the Roads Corporation considers appropriate;

              (v)     maintain, operate and manage, or arrange with other persons to maintain, operate and manage, the land and any buildings, works, structures and other property on the land;

              (vi)     promote a Property Trust and—

    (A)     with the consent of the Minister administering Part 7 of the Financial Management Act 1994 , subscribe for or otherwise acquire and dispose of any unit or units in the Trust;

    (B)     enter into arrangements with the Trust for the management by the Roads Corporation of the Trust;

    (C)     enter into contracts with the Trust as the Roads Corporation considers are necessary to guarantee to unit holders in the Trust an agreed return;

    (D)     make loans to the Trust on the terms the Roads Corporation considers appropriate.

    (2)     Any Property Trust promoted under this section must provide that the trustees are to be appointed by the Minister.

    (3)     In this section—

"develop" means improve land for any commercial or civic or other public or private purpose, including by the construction, demolition or substantial alteration of any structure in or upon the land or the excavation of the land;

"surplus land" means land which—

        (a)     is vested in the Roads Corporation; and

        (b)     is no longer required for transport purposes.