Crown Land Management Act 2016

The Minister may determine that the purchase price for land to which a successful purchase application relates is to be paid by annual instalments.

The minimum annual instalment is to be $2,500 or any other amount that may be prescribed by the regulations.

The Minister may allow annual instalments to be paid over a period determined by the Minister (provided the period does not exceed 20 years).

However, the Minister must allow the payment of the purchase price to be paid over a period of 20 years if—

the land purchased is land referred to in clause 10 (1) (a) under a perpetual lease, or

the land purchased is under a continued tenure perpetual lease, or

the land purchased is Western or irrigation land under a continued term lease.

The Minister may require interest to be paid with respect to a purchase price that is payable by instalments. The regulations may make provision for or with respect to the determination or calculation of the interest payable for instalment purchases.

In this clause—

Western Crown land, or

any land that was in the Area as defined in the Hay Irrigation Act 1902 immediately before the Act’s repeal, or

any land that was in the Area as defined in the Wentworth Irrigation Act 1890 immediately before the Act’s repeal.