NSW Compulsory Land Acquisition Powers for Property and Development NSW

Property NSW Amendment Bill 2024

Legislative Assembly

Legislative Council

Assent

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Effects of this bill

If this bill passes, it means that:

Property and Development NSW can acquire land by agreement or compulsory process
Private subsidiary corporations of Property and Development NSW are banned from acquiring land
Property and Development NSW can now design government workspaces; manage land-use IT; and remediate contaminated land
The Treasurer must approve the creation of wholly owned subsidiary corporations to hold property
The Minister for Lands and Property can transfer property to Property and Development NSW via a Gazette order
Land valuations must follow the Treasurer's directions and Government Sector Finance Act policy
Crown Land Management Act leases become leases with Property and Development NSW if the land is vested in the agency

The Debate

What different members said when this bill was debated:

Damien Tudehope LIB

“On behalf of the Opposition, I confirm that the Coalition supports the Property NSW Amendment Bill 2024. Property NSW is a statutory corporation established under the Property NSW Act to acquire, hold, manage, maintain, repurpose and dispose of property for the Government and government agencies.”

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Sue Higginson GRN

“On behalf of The Greens, I speak in the debate on the Property NSW Amendment Bill 2024. As we have heard, the purpose of the bill is to streamline and expand services provided by Property NSW, with an expanded name and functions.”

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Mark Buttigieg ALP

“I will briefly address some matters that were raised during debate on the bill. I thank my colleagues for raising key points around the important role that Property and Development NSW plays as the central government property agency for New South Wales. I also thank members from all parties for their collaborative engagement on the bill, particularly the Hon.”

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News articles and press releases

Property NSW Amendment Bill 2024

Mr STEPHEN KAMPER, Minister for Small Business — 2024-03-20

The bill also amends the Act to provide Property and Development NSW with the following functions: to acquire property and to carry out development, including development that is environmentally sustainable and applies innovative environmental building and public domain design; to acquire, hold and manage contaminated land for various purposes, including the remediation of that land; to design workplaces for use by the Government or government agencies, including the fit‑out of the workplaces; to acquire land by agreement or by compulsory acquisition in accordance with the Land Acquisition (Just Terms) Compensation Act 1991; to develop, hold and manage information technology relating to land use analysis or the management, maintenance or improvement of land, including ensuring the benefits of that technology is available for use by government agencies and the people of New South Wales; a