Crown Land Management Act 2016

The purchase price for a continued incomplete irrigation lease purchase—

for a purchase under the Hay Irrigation Act 1902 resulting from an application for purchase made on or after 1 July 2004—remains payable in full within the time that had been required by the former Lands Administration Ministerial Corporation constituted by the Crown Lands Act 1989, and

for a purchase in any other case—remains payable by 74 equal half-yearly instalments along with the applicable annual interest rate (with the first instalment payable on the date of purchase).

The applicable annual interest rate is 4 percent or any other rate that may be prescribed by the regulations.