Queensland Consolidated Acts

ECONOMIC DEVELOPMENT ACT 2012 - SECT 18

18 Selling surplus property

(1) This section applies if MEDQ holds land or other property (
"surplus property" ) that it does not require, or no longer requires, for carrying out its functions under this Act.

(2) MEDQ may sell the surplus property at its market value—

(a) by public tender or auction; or

(b) by private treaty; or

(c) to a Commonwealth or State entity, or a local government, in priority to all other entities; or

(d) in any other way prescribed under a regulation.

(3) In this section—

"Commonwealth or State entity" means—

(a) a department of the Government of the Commonwealth or the State; or

(b) a statutory body constituted under an Act of the Commonwealth or the State.