New South Wales Land and Housing Corporation
Landcom ended up being previously the main division of Housing (today NSW Land and Housing Corporation from 1986). It is currently established as a situation Owned Corporation under s.5 Landcom Corporation Act 2001 by vesting dated 1 January 2002. Its functions tend to be fundamentally the identical to the previous Land Commission of NSW but with larger capabilities. It really is a Governmant Trading Enterprise which operates on a commercial foundation utilizing the power to undertake of and participate in domestic, commercial and industrial improvements.
Landcom is certainly not a consent authority and does not have the power to:
The NSW Land and Housing Corporation is a federal government company because of the main function of supplying public housing.
Part 17 Landcom Corporation Act 2001 provides your Minister may, by purchase on paper, transfer towards the new Landcom every assets (land properties) which can be when you look at the name associated with brand new South Wales Land and Housing Corporation and/or the Ministerial Development Corporation.
Whenever a strategy is lodged by Landcom after 1 January 2001 and new brands are to issue, these guidelines apply:
Note 1 If a Request is certainly not lodged using the program, the program should be signed by brand new Southern Wales Land and Housing Corporation and brand-new games will issue in the name of brand new Southern Wales Land and Housing Corporation.
Note 2 If the plan is finalized by New Southern Wales Land and Housing Corporation the brand new brands will issue inside their name in the normal manner.