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FACT SHEET
Macquarie Point Development Corporation Amendment Bill 2015
The Macquarie Point Development Corporation Act 2012 (Act) established the Macquarie
Point Development Corporation (corporation) and prescribed the objectives of the
corporation to facilitate, undertake and manage the remediation and redevelopment of
the land at Macquarie Point (site).
This amendment will provide the Tasmanian Government and developers with greater
certainty about remediation and redevelopment outcomes at Macquarie Point.
The Bill allows the corporation or the Minister to enter into positive or negative
covenants (or both) relating to the Macquarie Point site. The corporation or the
Minister can also enter into agreements concerning the use or development (or both)
of land at Macquarie Point. Once entered into, the covenants and agreements can be
attached to the relevant certificate of title for the land, thereby ensuring the covenant
or agreement can survive future transfers in land ownership.
The Bill ensures that covenants and agreements can only be amended or extinguished
with the agreement of the other party to the covenant or agreement. No
compensation will be payable by the corporation or Crown in respect of the covenants
or agreements entered into.
This Bill will also ensure the redevelopment of land parcels at Macquarie Point can only
occur after remediation has been certified by an accredited auditor recognised by the
Environment Protection Authority (EPA). The Director of the EPA may revoke an
environmental auditor’s accreditation if the auditor has failed to comply with a condition
of the accreditation. Accreditation for the purposes of the Act can be granted via an
instrument of accreditation issued by the EPA Director.
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