Land Regulation 2020

This section applies if the Minister—

receives an application from a tenure holder under section 60; and

considers the tenure holder has given the Minister the information needed to decide the application; and

is satisfied the tenure holder is suffering hardship because of—

a natural disaster; or

adverse economic conditions related to the purpose of the tenure.

The Minister may, by notice given to the tenure holder, defer the payment of all or part of the rent or instalments for the tenure.

The notice must state—

the period for which payment of the rent or instalments is deferred; and

the terms of payment of the deferred rent or instalments, including the day by which the deferred rent or instalments must be paid.

If the payment of rent or instalments for a tenure is deferred by notice under subsection (2), penalty interest does not accrue in relation to the rent or instalments until the day after the day by which the payment is required under the notice.