Common use of Development Covenants Clause in Contracts

Development Covenants. s. 17 (1) Nothing in section 7, 8, 9, 11 or 12 applies in respect of a development covenant. (2) On and from the commencement of this section, the Wodonga Rural City Council has and may exercise all of the powers to enforce, vary or release a development covenant that the Corporation had immediately before that commencement. (3) On and from the commencement of this section any reference to the Corporation in any development covenant is to be construed as a reference to the Wodonga Rural City Council. (4) For the purposes of this section, and despite the repeal of the Albury-Wodonga Agreement Act 1973, subsections (3), (4), (5) and (6) of section 15A of that Act continue to apply in respect of a development covenant as if any reference in those provisions to the Corporation were a reference to the Wodonga Rural City Council.