115LVacancy fee recovery—Treasurer’s declaration relating to charge over land

115L Vacancy fee recovery—Treasurer’s declaration relating to charge over land

(1) The Treasurer may, by notifiable instrument, declare that section 115K applies in relation to a specified interest in Australian land held by a person if satisfied that the declaration is necessary to secure the payment of: (a) unpaid vacancy fees; and (b) unpaid vacancy penalties (if any). (2) A declaration under subsection (1) must specify: (a) the time the declaration is to come into force; and (b) the Australian land to which section 115K applies.