ABORIGINAL LAND ACT 1991 - SECT 40V 40V Amounts owing to trustee or mortgagee to be deducted

Queensland Consolidated Acts

40V Amounts owing to trustee or mortgagee to be deducted

If the trustee forfeits the lease, the trustee may deduct the following amounts from the maximum amount--

(a) an amount in payment of all costs properly incurred by the trustee in forfeiting the lease;

(b) an amount in payment of expenses incurred by the trustee to rectify damage caused to the lease land by the person who was the lessee;

(c) any amount owing to the trustee by the person under the lease;

(d) any amount owing to a mortgagee of the lease by the person under a mortgage of the lease.