Purchase price for sales
152G Purchase price for sales
The roads authority may require the purchase price for the sale of a Crown road, or part of a Crown road, to be paid in full or by instalments.
The regulations may make provision for or with respect to sales of Crown roads by the payment of purchase price instalments, including in relation to the following—
the determination of purchase prices (including interest repayments), methods of payments and instalment amounts for such sales,
the transfer of title to roads under such sales,
the terms and conditions applicable to such sales,
the transfer and subdivision of roads under such sales,
the forfeiture of roads under such sales for non-payment of instalments or contraventions of applicable terms and conditions (including the status of the roads on forfeiture),
the application of the provisions of Schedule 4 to the Crown Land Management Act 2016 (whether with or without modification) to such sales.
This provision refers to the regulations (The regulations may make
). Made under this Act:
This Act’s bill:Explanatory memorandumSecond reading speech
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