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ECONOMIC DEVELOPMENT ACT 2012 - SECT 19
Conditional disposal of land or other property
19 Conditional disposal of land or other property
(1) MEDQ may impose a condition or restriction on the disposal of land or
other property to an entity (a
"transferee" ) by MEDQ.
(2) Without limiting subsection (1) , MEDQ and a
transferee may agree that the transferee— (a) must make stated improvements
to the land or property; or
(b) must undertake a stated activity, within a
stated period, in relation to the land or property; or
(c) is subject to
stated restrictions on the transfer of or dealing with the land or property.
(3) An agreement under subsection (2) may provide for remedies against, and
the power to impose sanctions on, the transferee relating to the agreement.
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