107Power of Homes Tasmania to compound in case of breach of contract

107 Power of Homes Tasmania to compound in case of breach of contract

Homes Tasmania may compound and agree with any person –

(a) who has entered into any contract in pursuance of or under the authority of this Act; or

(b) against whom any action is brought –

(i) for any penalty contained in the contract, or in any bond or other security for the performance of such a contract; or

(ii) for or on account of any breach of performance of such a contract, bond, or security –

for the sum of money, or other consideration that Homes Tasmania thinks fit.