97
CurrentPenalty interest for failure to pay money due under contract of sale
Part ICrown lands generally
Division 6Sale of land by auction or tender or to a public authority
97 Penalty interest for failure to pay money due under contract of sale
No. 3709 s. 97.
S. 97 substituted by No. 10011 s. 9.
(1)
A purchaser of land under this Division who fails to pay any money due under the contract of sale on the day it falls due shall pay in respect of the amount due, for the period of default, interest at the same rate as the rate of interest determined by the Minister under section 228.
(2)
Nothing in subsection (1) affects the Minister's power to take any other action under this Division.
Nos 3709 s. 98, 5914 s. 2.
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