Purchasing hardship
28 Purchasing hardship
The Minister may allow the lessee or licensee to purchase the shack site over an extended period if the Minister is satisfied that immediate purchase would cause hardship.
For the purposes of making determinations under subsection (1), the Minister may – require any lessees or licensees who claim hardship to give the Minister such financial statements and other information relevant to their real estate purchasing capacity as the Minister reasonably considers necessary; and issue, and apply, such hardship eligibility criteria and extended payment criteria as the Minister thinks fit.
The Minister may delegate to the Secretary any of the Minister's powers under this section other than – the power to issue hardship eligibility criteria and extended payment criteria under subsection (2)(b); and this power of delegation.
This Act’s bill:Explanatory notesSecond reading speech
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