Queensland Consolidated Acts Queensland Consolidated Acts(1) Reserve 3367 is revoked.
(2) However, a lease over a part of the reserve or a licence to occupy a part of a building on the reserve in force immediately before the revocation of the reserve under subsection (1) continues in force over the part after the revocation in accordance with its terms.
(3) The parts of Russell Street, Stanley Street, and Grey Street, South Brisbane in lots 55 and 56 on plan SP 102555 set out in schedule 9 are permanently closed.
(4) A deed of grant in the name of the corporation may be issued by the Governor in Council for lots 55 and 56 on plan SP 102555 and lot 388 on plan SL 12890.
(5) On the recording of the particulars of lot 388 on RP 896477 in the freehold land register, it is declared that the lot is dedicated for public use (cultural purposes) and becomes a reserve.
(6) The Arts Office is appointed as trustee of the reserve.
(7) In this section—
lease means any of the following leases mentioned in the Arts Legislation Amendment Act 1997, section 75 originally granted by the Queensland Cultural Centre—
(a) a lease to the Library Board of Queensland for a term of 75 years;
(b) a lease to the Queensland Art Gallery Board of Trustees for a term of 75 years;
(c) a lease to the Queensland Museum Board of Trustees for a term of 75 years;
(d) a lease to the Queensland Performing Arts Trust for a term of 75 years;
(e) a lease to the Royal Queensland Theatre Company for a term of 30 years.
licence means any of the following licences mentioned in the Arts Legislation Amendment Act 1997, section 79—
(a) the licence agreement expiring on 30 June 1998 entered into between Berlasco Pty Ltd (ACN 010 041 040) and Queensland Performing Arts Trust;
(b) a licence agreement entered into for a term of 5 years between Advanced Food Systems International Ltd (ACN 004 292 951) and—
(i) Library Board of Queensland; or
(ii) Queensland Art Gallery Board of Trustees; or
(iii) Queensland Museum Board of Trustees.
the Arts Office means the government entity charged with advising the Minister with responsibility for the arts on matters relating to the arts.