138
In forceDefault
Chapter 4Land holdings
Part 1Making land available
Division 4Miscellaneous
138 Default
(1)
If land has been made available to a person, the person defaults if—
(a)
the appropriate forms are not completed and lodged within the required time; or
(b)
the amount to be paid for the interest in the land and the improvements is not paid within the time stated in the offer and in any written agreement under section 140.
(2)
If a person defaults, the deed, lease, licence or permit must not be issued and any amount paid is forfeited.
(3)
However, if the chief executive is satisfied there was a reasonable excuse for the default, the chief executive may refund the amount paid.
This Act’s bill:Explanatory memorandum
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