Commonwealth Consolidated Acts

NATIONAL LIBRARY ACT 1960 - SECT 7A

             (1)  The Library shall not, without the approval of the Minister:

                     (a)  acquire any property, right or privilege for a consideration exceeding in amount or value $250,000 or, if a higher amount is prescribed, that higher amount;

                     (b)  dispose of any property, right or privilege where the amount or value of the consideration for the disposal, or the value of the property, right or privilege, exceeds $250,000 or, if a higher amount is prescribed, that higher amount;

                     (c)  enter into a contract for the construction of a building for the Library, being a contract under which the Library is to pay an amount exceeding $250,000 or, if a higher amount is prescribed, that higher amount; or

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