Commonwealth Consolidated Acts

INFRASTRUCTURE AUSTRALIA ACT 2008 - SECT 39DB

  (1)   Infrastructure Australia must not, without the written approval of the Minister:

  (a)   acquire any property, right or privilege for a consideration exceeding in amount or value the amount prescribed by the regulations for the purposes of this paragraph; or

  (b)   dispose of any property, right or privilege if the amount or value of the consideration for the disposal, or the value of the property, right or privilege, exceeds the amount prescribed by the regulations for the purposes of this paragraph; or

  (c)   enter into a lease of land for a period exceeding 10 years.

  (5)   An approval under subsection   (1) is not a legislative instrument.