55Sale of land to eligible persons, whether or not residential premises situated on land

55 Sale of land to eligible persons, whether or not residential premises situated on land

(1)  Subject to this Act, Homes Tasmania may sell, to any eligible person, land, or a share of or interest in land, whether or not there are residential premises situated on the land, if –

(a) the person; or

(b) the person’s spouse, if any –

is not the owner of any residential premises, whether situated within or outside Australia.

(2)  A person who wishes to purchase under subsection (1) land, or a share of or interest in land, may apply, in the prescribed manner and form, if any, to Homes Tasmania.

(3)  Homes Tasmania, if it is satisfied that it is proper that an application under subsection (2) in relation to land, or a share or interest in land, be granted, may enter into a contract for the sale, in accordance with this Part, of the land, or of a share of or interest in the land, to –

(a) the applicant; or

(b) the applicant and any other eligible person stipulated by the applicant.

(4)  The sale may be at the price, and upon the terms and conditions, that are determined by Homes Tasmania.

(5)  If Homes Tasmania so determines, land or a share of or interest in land may be sold under this section to an eligible person without a deposit.

(6)  The purchaser of land, or a share of or interest in land, on which are situated residential premises that are sold to the purchaser in accordance with this section may occupy as a tenant the residential premises –

(a) on the terms and conditions that Homes Tasmania determines; and

(b) at a rental, determined by Homes Tasmania, which is sufficient to cover –

(i) interest at a rate to be determined by Homes Tasmania that is not more than the maximum annual rate of interest in respect of purchasers fixed by the Treasurer under section 85 on the capital cost of the residential premises less any deposit paid; and