New South Wales Consolidated Acts

LAND DEVELOPMENT CONTRIBUTION MANAGEMENT ACT 1970 - SECT 17

17 Liability of council to pay contribution where land sold for overdue rates

(1) Where land is, in accordance with the Local Government Act 1919 , sold for overdue rates, the liability of the council selling the land to pay contribution payable as a consequence of that sale shall, notwithstanding any other provision of this Act, not exceed the amount payable as contribution under subsection (1) of section 606 of that Act.

(2) Where the amount of the contribution payable by a council by reason of the operation of subsection (1) is less than the amount of the contribution that would but for that subsection have been payable in respect of the land sold by the council:

(a) the council shall, within seven days after the sale of the land, give notice in writing to the Authority specifying:

(i) the purchase money payable in respect of the sale, and

(ii) the payments required to be made from the purchase money under section 606 of the Local Government Act 1919 , and

(b) the land shall be or become liable for any contribution that would have been or become payable had the land not been sold by the council.

(3) A reference in this section to land being sold includes a reference to land being made the subject of a contract or agreement for sale.