Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations
If at any time any instalment or money payable in respect of a contract of
sale or any part of such instalment or money is unpaid for three calendar
months next after the time appointed for the payment thereof, then, although
no legal demand has been made for payment, the Custodian or his duly
authorized agent may enter upon and take possession of the property in respect
of which the contract of sale was entered into, and may cancel the contract of
sale, and, in his discretion, forfeit any moneys previously paid by the
purchaser under the contract of the sale:
Provided that, where the Custodian is satisfied that, by reason of a fall in
the market price of copra or other extraordinary circumstances not within the
control of a purchaser, such purchaser is temporarily unable to make payment
of moneys falling due under his contract of sale, the Custodian may defer or
waive payment of the whole or any portion of the moneys so due for such a
period and on such terms as the Minister approves.
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