LAND ACT 1933 - SECT 38

This legislation has been repealed.

LAND ACT 1933 - SECT 38

38 .         Town and suburban lands to be sold by auction

        (1)         Subject to this Act, town and suburban land, after being surveyed into lots and notified in a newspaper circulating in the area in which that land is situated as open for sale shall be disposed of —

            (a)         by sale at public auction at such upset prices as are determined by the Minister; and

            (b)         subject to such conditions and restrictions as may be determined by the Minister and are set out in the conditions of sale.

        (2)         Land referred to in subsection (1) may be put up for sale at such times and places as the Minister thinks fit, and the Minister may withdraw from sale any lot referred to in that subsection at any time prior to that lot being actually offered for sale bid for.

        (3)         Any person may apply to the Minister to put up any lot for sale and shall deposit with his application 10% of the upset price, which amount shall be refunded in the event of the applicant being outbid at auction. Such application shall be in the prescribed form.

        [Section 38 amended by No. 73 of 1977 s.7; No. 79 of 1982 s.8; No. 126 of 1987 s.38.]

[ 39.         Repealed by No. 126 of 1987 s.62.]