Crown Land Management Act 2016

When the title to a new incomplete purchase commences, the following amounts are payable to the Crown—

any duty payable under the Duties Act 1997 in respect of the purchase,

any rent (including rent for Crown improvements) payable on the lease up to the commencement of title to the incomplete purchase,

any outstanding postponed or funded debts in respect of the lease (whether or not due for payment) together with interest up to the commencement of title to the incomplete purchase,

the cost of any necessary survey carried out by the Crown,

any other amounts determined by the Minister as payable on the commencement of the title.

If any of those amounts have not been paid within 3 months of being demanded, the Minister may declare that the new incomplete purchase is forfeited and any money paid in connection with the purchase may (by the declaration) be forfeited to the Crown.

If there are any other debts outstanding in respect of the lease, they continue (subject to this clause and any increased rate of interest required by this Act) to be payable to the Crown in the same manner as they were payable before the commencement of title to the new incomplete purchase.

If any amount payable to the Crown after the commencement of title to a new incomplete purchase is payable in equal annual instalments over a period without the interest added, the Minister may vary the manner of payment so that the amount is payable in equal annual instalments over the same or a longer period with the interest added.