Land Act 1994

If the State receives payment from an incoming lessee or buyer for the improvements and development work on land to which this division applies, the State must pay the amount to—

for a lease—the previous lessee; or

for an occupation licence—the previous licensee; or

for a reserve—the person who owned the improvements on the reserve; or

for a deed of grant in trust—the person who owned the improvements on the land.

However, no amount is payable by the State to—

a person mentioned in subsection (1), if the person waives the person’s entitlement to payment of the amount; or

a person who was a registered lessee of a lease, if the lease was forfeited because the lessee acquired the lease by fraud or was not eligible to acquire or hold the lease.