Local Government (Rating) Act 2002

Assessment, payment, and recovery of rates and remission, postponement, and write-off of rates - Assessment, payment, and recovery - Abandoned land

83B: Application of proceeds of sale or lease

You could also call this:

"What happens to the money when abandoned land is sold or leased?"

When abandoned land is sold or leased, you need to know what happens to the money made from the sale or lease. The rules from sections 75B and 76 are used to decide how the money is applied, and this is done in a way that suits the situation, as section 83A applies to this land. The money is used to pay for things like rates, levies, and expenses.

The term expenses includes all the costs the responsible levy authority has when selling or leasing the land. If there is not enough money from the sale or lease to cover all the costs, the authority can choose to write off the amount that is missing. This means they will not try to get the remaining amount of money.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS391669.


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83A: Unpaid levy under Infrastructure Funding and Financing Act 2020, or

"What happens if you don't pay a levy on abandoned land for 3 years or more"


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84: Crown land held on lease or licence, or

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Part 3Assessment, payment, and recovery of rates and remission, postponement, and write-off of rates
Assessment, payment, and recovery: Abandoned land

83BApplication of proceeds of sale or lease

  1. Sections 75B and 76 apply, with the necessary modifications, to the application of the proceeds of every sale or lease of abandoned land to which section 83A applies.

  2. For the purposes of this section, expenses includes all expenses incurred by the responsible levy authority in connection with the sale or lease.

  3. If the proceeds of the sale or lease are not sufficient to meet the rates, levy, interest, costs, and expenses, the responsible levy authority may write off the deficiency.

Notes
  • Section 83B: inserted, on , by section 161 of the Infrastructure Funding and Financing Act 2020 (2020 No 47).