sec.8ASale of land by chief executive

sec.8A Sale of land by chief executive

If the chief executive may sell the land in a deed of grant under section 7C (7) (a) , the land may be sold by public auction or private contract. The chief executive must apply the proceeds of sale as follows— firstly, in payment of all costs, charges and expenses properly incurred by the chief executive in the sale or a previous attempted sale of the land; secondly, in payment of the demand amount to the chief executive; thirdly, in payment of any amount owing to a mortgagee or, if there is more than 1 mortgagee, according to their priorities; lastly, in payment to the previous registered owner of the land. On the sale of the land, the chief executive must give the registrar of titles a completed instrument of transfer, in the approved form under the Land Title Act 1994 , in relation to the sale. On receiving the instrument of transfer, the registrar of titles must register the purchaser stated in the instrument for the interest held in the land by the previous registered owner, free of all encumbrances. The registrar of titles must comply with subsection (4) even if an instrument of title relating to the land is not produced. Subsection (4) applies subject to section 8B . If the demand amount has not been paid in full after the proceeds of sale are applied, the unpaid part of the amount may be recovered from the previous registered owner of the land as a debt owing to the State. The Property Law Act 2023 does not apply to the exercise of the chief executive’s powers under this section. In this section— encumbrance — includes any of the following affecting land— a mortgage, lien or charge; a caveat; an agreement; a judgment, writ or process; an interest adverse to the interest of the land’s owner; but does not include an easement. previous registered owner , of land sold under this section, means the person who was the registered owner of the land immediately before its sale. s 8A ins 2005 No. 46 s 14 amd 2023 No. 27 s 289 sch 3 (sec.8A-ssec.1) If the chief executive may sell the land in a deed of grant under section 7C (7) (a) , the land may be sold by public auction or private contract. (sec.8A-ssec.2) The chief executive must apply the proceeds of sale as follows— firstly, in payment of all costs, charges and expenses properly incurred by the chief executive in the sale or a previous attempted sale of the land; secondly, in payment of the demand amount to the chief executive; thirdly, in payment of any amount owing to a mortgagee or, if there is more than 1 mortgagee, according to their priorities; lastly, in payment to the previous registered owner of the land. (sec.8A-ssec.3) On the sale of the land, the chief executive must give the registrar of titles a completed instrument of transfer, in the approved form under the Land Title Act 1994 , in relation to the sale. (sec.8A-ssec.4) On receiving the instrument of transfer, the registrar of titles must register the purchaser stated in the instrument for the interest held in the land by the previous registered owner, free of all encumbrances. (sec.8A-ssec.5) The registrar of titles must comply with subsection (4) even if an instrument of title relating to the land is not produced. (sec.8A-ssec.6) Subsection (4) applies subject to section 8B . (sec.8A-ssec.7) If the demand amount has not been paid in full after the proceeds of sale are applied, the unpaid part of the amount may be recovered from the previous registered owner of the land as a debt owing to the State. (sec.8A-ssec.8) The Property Law Act 2023 does not apply to the exercise of the chief executive’s powers under this section. (sec.8A-ssec.9) In this section— encumbrance — includes any of the following affecting land— a mortgage, lien or charge; a caveat; an agreement; a judgment, writ or process; an interest adverse to the interest of the land’s owner; but does not include an easement. previous registered owner , of land sold under this section, means the person who was the registered owner of the land immediately before its sale.