Rural and Industries Bank Act Amendment Act 1966 (WA)

No. 49.] Rural and Industries Bank. [1966.

RURAL AND INDUSTRIES

BANK.

No. 49 of 1966.

AN ACT to amend the Rural and Industries Bank

Act, 1944-1965.

[Assented to 21st November, 1966.]

RE it enacted by the Queen's Most Excellent s' Majesty, by and with the advice and consent of the Legislative Council and the Legislative Assembly of Western Australia, in this present Parliament assembled, and by the authority of the same, as follows:—

Short title

and citation.	1. (1) This Act may be cited as the Rural and
Reprinted

Acts Vol. 14.	Industries Bank Act Amendment Act, 1966.
Approved for
reprint, 18th

May, 1959, as	(2)	In this Act the Rural and Industries Bank
amended by

Acts Nos. 25	Act, 1944-1965, is referred to as the principal Act.
of 1963,34
of 1965 and
113 of 1965.	(3) The principal Act as amended by this Act may be cited as the Rural and Industries Bank Act, 1944-1966.

1966.] Rural and Industries Bank. [No.49.

2. Section nineteen of the principal Act is s " "a.

amended

(a)	by adding after the section number "19.", the subsection designation (1) ; and
(b)	by adding subsections as follow

(2) Without limiting the powers and authorities conferred on the Commis- sioners by subsection (1) of this section or any other provision of this Act, the Commissioners may, with the approval of the Minister and the Treasurer, and upon such terms and conditions as the Commissioners think proper

(a)	purchase or acquire any land, including Crown land;
(b)	purchase or acquire from a municipality, constituted under the Local Government Act, 1960, any land vested in that muni- cipality, except land that is set apart or reserved under the Land Act, 1933;
(c)	plan and subdivide, in accord- ance with the Town Planning and Development Act, 1928, any acquired land;
(d)	enter into contracts in respect of which tenders have been invited from the public, for the building on acquired land of not more than one hundred dwelling houses in any year ending on the thirtieth day of June;
(e)	sell, let or lease any acquired land whether with or without any dwelling houses being built thereon under this section;
(f)	exchange any acquired land or any other land vested in the Commissioners; and

No. 49.] Rural and Industries Bank. [1966.

(g) do all such other matters and things as are necessary or convenient for giving effect to the powers conferred on the Commissioners by this sub- section.

(3) Notwithstanding anything in any

other Act

(a)	the Governor may grant any Crown land to the Commis- sioners for the purposes of this section, at such price, if any, and on such terms and conditions as the Governor thinks fit;
(b)	a municipality may sell to or exchange with the Commis- sioners on such terms and conditions as are agreed upon by the Commissioners and the municipality and approved by the Minister and the Treasurer, any land vested in the municipality and referred to in paragraph (b) of subsection (2) of this section.

(4) In this section the expression

"acquired land" means any land purchased or acquired by the Commissioners under this section;

"Crown land" has the same meaning as it has in section three of the Land Act, 1933;

"dwelling house" means any building constructed to be used wholly or principally for human habitation and includes any outbuildings and appurtenances belonging thereto or used in connection therewith;

1966.] Rural and Industries Bank. [No. 49.

"tenders" means tenders based upon plans and specifications prepared by or for the Bank. .

3. Section twenty-eight of the principal Act is amended by adding after the word, "applied" in line two, the passage, "in payment of any liability incurred by the Bank in carrying out its functions under this Act, including without limiting the generality of the foregoing". S. 28 am.