Procedure where reserve price not reached at auction or by tender
91 Procedure where reserve price not reached at auction or by tender
S. 91 substituted by No. 10011 s. 9.
Where a public auction of any Crown land is held, or tenders for Crown land are received, and no bid at the auction, or no tender (as the case may be) reaches the reserve price for that land, the Minister may—
sell the land to the person making the highest bid or submitting the highest tender at a price not less than the reserve price and on terms and conditions no more favourable to the purchaser than those published pursuant to section 90 with respect to that land;
sell the land to any other person at a price which is not less than the reserve price, and upon terms and conditions no more favourable to the purchaser than those published pursuant to section 90 with respect to that land; or
sell the land by public auction or by public tender at such new reserve price and such new terms and conditions as he thinks fit.
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