Landcom Corporation Act 2001 (NSW)

Landcom Corporation Act 2001 No 129

An Act to establish Landcom as a statutory State owned corporation to exercise certain functions relating to development; to make consequential amendments to other Acts; and for other purposes.

Part 1 Preliminary

1 Name of Act This Act is the Landcom Corporation Act 2001.

2 Commencement This Act commences on a day or days to be appointed by proclamation.

3 Definitions (1) In this Act: assets means any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property of any description (including money), and includes securities, choses in action and documents. Corporation means the statutory State owned corporation constituted by this Act. exercise a function includes perform a duty. function includes a power, authority or duty. liabilities means any liabilities, debts or obligations (whether present or future and whether vested or contingent). Ministerial Development Corporation means the Ministerial Development Corporation constituted by the Growth Centres (Development Corporations) Act 1974. rights means any rights, powers, privileges or immunities (whether present or future and whether vested or contingent). urban development includes the expansion, establishment and re-development of urban areas. (2) Words and expressions used in this Act and also the State Owned Corporations Act 1989 have the same meanings in this Act as they have in that Act.

4 Notes Notes included in this Act do not form part of this Act.

Part 2 Landcom

5 Establishment of Landcom as statutory SOC (1) There is constituted by this Act a corporation with the corporate name of Landcom. (2) The State Owned Corporations Act 1989 is amended by inserting in Schedule 5, in alphabetical order, the word "Landcom".