Queensland Consolidated Acts Queensland Consolidated Acts(1) This section applies if the grantees forfeit the lease and, under a mortgage of the lease, an amount is owing to a mortgagee of the lease by the person who was the lessee.
(2) The grantees must pay to the mortgagee--
(a) if the amount that may be deducted from the maximum amount under section 37V(d) is less than the difference between the maximum amount and the amounts deducted under section 37V(a), (b) or (c)--the amount that may be deducted from the maximum amount under section 37V(d); or
(b) otherwise--the amount equal to the difference between the maximum amount and the amounts deducted under section 37V(a), (b) or (c).
(3) The grantees must pay the amount payable under subsection (2) to the mortgagee--
(a) if no appeal is made under this subdivision against the decision under section 37T about the amount payable to the person who was the lessee--within 28 days after the time for making an appeal ends; or
(b) if an appeal is made under this subdivision against the decision mentioned in paragraph (a)--within 28 days after the appeal is finally decided.
(4) If the grantees pay an amount to the mortgagee in relation to a mortgage of the lease, the mortgagee must use the amount in discharge of the mortgage.