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