Queensland Consolidated Acts Queensland Consolidated Acts(1) The council may--
(a) remit a rate in whole or part; or
(b) accept a composition or another arrangement relating to an unpaid rate.
(2) If land in relation to which a rate is levied is free of encumbrance, the council may accept a transfer to it of the land in full or part settlement of an owner's liability for rates.
(3) Section 67 does not apply to payment of a rate if the terms of any agreement made under this section in relation to the rate are met.
(4) The terms of any agreement made under this section may make provision in relation to--
(a) the application of section 67 to the payment of a rate; and
(b) the immediate payment of future instalments;
if the terms applicable to the payment of the rate are not met.
(5) A rate identified in the agreement is taken to have been an overdue rate for the Local Government Act, chapter 14, part 7, division 3, from the day it first became an overdue rate if--
(a) the rate is not paid as required under the agreement; and
(b) the rate was an overdue rate before the agreement was entered into.