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Section 19 - Crown Lands Act 1976 - Successful bidder to pay deposit on day of auction — Zoe

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Crown Lands Act 1976

19Successful bidder to pay deposit on day of auction

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### 19 Successful bidder to pay deposit on day of auction > > (1) No person liable for the payment of a deposit under the terms of sale by auction of any Crown land shall, if a demand for the payment thereof is made by or on behalf of the Minister, fail to pay forthwith the amount thereof. > > > > Penalty: Double the amount of deposit in respect of which default has been made. > > > (2) Any failure by any person to pay any deposit in accordance with [subsection (1)](#GS19@Gs1@EN) shall terminate the agreement in respect of which the deposit is payable.

Previous section18Special provisions relating to sale by auction Next section20Land not to be transferred, &c., unless conditions of contract fulfilled