Ban on Compensation for Land Transfers to the Waste Assets Management Corporation
Waste Recycling and Processing Corporation (Authorised Transaction) Amendment Bill 2023
1st House
2nd House
Law
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
People and bodies cannot claim compensation for land transfers under the new rules
Land transfers cannot be treated as a breach of contract; they do not give parties a right to terminate an agreement
The Waste Assets Management Corporation (WAMC) is established to handle contaminated land
The WAMC can take control of land if the Chief Executive believes it risks human health or the environment
The WAMC can remediate land; it can also build landfill operations or public recreation facilities
The WAMC can charge fees for services; it can sell carbon or biodiversity credits
The WAMC Chief Executive must ensure any development on contaminated land prevents further pollution