Application of purchase money
8 Application of purchase money
Local Land Services must apply any purchase money received by it on the sale of land for overdue rates and charges in or towards payment of the following purposes and in the following order—
firstly, the expenses of Local Land Services incurred in connection with the sale,
secondly, any rate or charge in respect of the land due to Local Land Services, or any other rating authority, and any debt in respect of the land (being a debt of which Local Land Services has notice) due to the Crown (including any meat industry levy under the Meat Industry Act 1978) as a consequence of the sale on an equal footing.
This Act’s bill:Explanatory memorandumSecond reading speech
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