717Payment of purchase money

#### 717 Payment of purchase money 717 Payment of purchase money > > (1) The purchase money for land sold under this Division must be paid to the council, and the council’s receipt is a discharge to the purchaser in respect of all expenses, rates, charges and debts referred to in section 718. > > > (2) The purchase money for land purchased by the council must be paid by way of a transfer between the appropriate funds kept by the council. > > > (3) Any such transfer is taken to be— > > > > > (a) payment to the council of the purchase price of the land, for the purposes of section 722, and > > > > > (b) purchase money received by the council on the sale of land for unpaid rates and charges, for the purposes of section 718. > > **s 717:** Am 1998 No 16, Sch 1 \[25\].