260Sale of land

260 Sale of land (1) If the full amount of the outstanding rates is not paid within the time allowed in the warning notice given under section 259(1), the council may sell the land. (2) Subject to subsection (3), the sale must be by public auction. (3) If the land is: (a) a pastoral lease or other lease granted by the Territory, or a mining tenement, the sale must be made as approved by the Minister administering the legislation under which the lease or mining tenement was granted; and (b) a leasehold estate granted by a Land Trust, the sale must be made as approved by the relevant Land Council. (4) A public auction must be advertised: (a) on the council's website no later than 21 days before the auction; and (b) on at least 2 separate occasions in a newspaper circulating generally throughout the Territory. (5) If before the date of the sale, the outstanding rates (including costs incurred by the council with a view to the sale of the land) are paid, the council must cancel the sale. (6) If an auction fails, the council may sell the land by private contract for the best price that it can reasonably obtain. (7) If a council sells land under this section, the council may execute a conveyance of the land under its common seal.

Local Government Act 2019 148 (8) On registration of the conveyance, title to the land vests in the purchaser freed and discharged from all mortgages, charges and encumbrances securing the payment of money.