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s 25

Grant before payment

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Part 3Estates in fee simple and leases
Division 2Estates in fee simple

25 Grant before payment

Where the Minister grants an estate in fee simple to a person who is required to pay, but has not paid in full, in relation to the grant a purchase price or an amount under section 18, the Minister shall secure the outstanding balance, together with interest at such rate as is agreed between the parties, owing by mortgage.

Division 3 Leases

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