sec.58Fixing new payment day for declared hardship area

sec.58 Fixing new payment day for declared hardship area

This section applies if the Minister considers it appropriate to fix a later day for the payment of deferred rent or instalments for an affected tenure, whether or not a later payment day for the rent or instalments has previously been fixed under this section. The Minister may, by amending the hardship deferral declaration, fix a day (the declared payment day ), that is within 5 years after the last payment day stated in the declaration, by which the deferred rent or instalments for all of the affected tenures must be paid. The Minister may, by notice given to the holder of a particular affected tenure, fix a day (a notified payment day ), that is within 5 years after the last payment day fixed for the tenure under this subsection, by which the deferred rent or instalments for the tenure must be paid. A notified payment day must be later than the declared payment day stated in the hardship deferral declaration. If a later day for the payment of deferred rent or instalments is fixed for all affected tenures under subsection (2) and, but for this subsection, the declared payment day would be later than a notified payment day for a particular tenure, the notified payment day is taken to be the declared payment day. (sec.58-ssec.1) This section applies if the Minister considers it appropriate to fix a later day for the payment of deferred rent or instalments for an affected tenure, whether or not a later payment day for the rent or instalments has previously been fixed under this section. (sec.58-ssec.2) The Minister may, by amending the hardship deferral declaration, fix a day (the declared payment day ), that is within 5 years after the last payment day stated in the declaration, by which the deferred rent or instalments for all of the affected tenures must be paid. (sec.58-ssec.3) The Minister may, by notice given to the holder of a particular affected tenure, fix a day (a notified payment day ), that is within 5 years after the last payment day fixed for the tenure under this subsection, by which the deferred rent or instalments for the tenure must be paid. (sec.58-ssec.4) A notified payment day must be later than the declared payment day stated in the hardship deferral declaration. (sec.58-ssec.5) If a later day for the payment of deferred rent or instalments is fixed for all affected tenures under subsection (2) and, but for this subsection, the declared payment day would be later than a notified payment day for a particular tenure, the notified payment day is taken to be the declared payment day.