Document ID: chunk:federal_register_of_legislation:C2024C00598:clause:1_358
Version: federal_register_of_legislation:C2024C00598
Segment Type: clause
Provision Reference: sch 1 cl 358
Character Range: 1076046–1076922

358  Restriction on disposal of Director's interests in Commonwealth reserves
 (1) The Director must not sell or otherwise dispose of a usage right the Director holds in relation to land, sea or seabed in a Commonwealth reserve.
 (2) However, the Director may grant a lease or sub‑lease of, or a licence relating to, land or seabed in a Commonwealth reserve, but only in accordance with a management plan in operation for the reserve.
 (3) Despite subsection (1), the Director may surrender a lease of land or seabed within a Commonwealth reserve in consideration of the grant to the Director of a new lease of land or seabed that includes that land or seabed.
 (4) The Lands Acquisition Act 1989 does not apply to the grant or surrender of a lease or sub‑lease under this section.
 (5) This section has effect despite any law of the Commonwealth or of a State or Territory.