(1) Subject to any
other written law, if an interest in land has been designated for a public
work under this Part, and a transaction is entered into which affects the
interest, then any proceeds of the transaction which derive from that interest
are to be paid into the fund out of which the payment for the public work was
made, or, if no such fund can be identified, into the Consolidated Account.
(2) If the designation
is cancelled and the interest is held at the time of the cancellation by a
person other than the Crown, this section continues to apply to any
transaction affecting the interest up to and including the disposal of the
interest by the person.
[Section 188 amended: No. 77 of 2006 s. 4.]