Australian Capital Territory Consolidated Acts

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LAND RENT ACT 2008 - SECT 28

Sale of land rent lease—application of proceeds without court order

    (1)     This section applies to the proceeds of the sale of a land rent lease under section 26.

    (2)     The commissioner must be paid out of court any amounts to which the commissioner is entitled under section 27 (2) without a court order.

    (3)     If a person who was the lessee or mortgagee of the land rent lease before the sale hands over to the court the certificate or other title to the lease, the person must be paid out of court any amount to which the person is entitled under section 27 (2) without a court order.



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