sec.144Procedures for selling land by another auction or negotiation

### sec.144 Procedures for selling land by another auction or negotiation The local government may, after the day of the auction, decide to continue to offer the land for sale by another auction, or sale by negotiation, under this section. The local government must end any negotiations entered into under section 143 (2) when it makes a decision under subsection (1) . Sections 142 (3) to (5) and 143 apply to the preparation and conduct of any subsequent sale by auction under this section. The local government must prepare a sales notice if it decides to offer the land for sale by negotiation under this section. The local government must— give a copy of the sales notice to each interested party who was given a notice of intention to sell the land; and publish the sales notice on the local government’s website; and display the sales notice in a conspicuous place in the local government’s public office; and display the sales notice in a conspicuous place on the land unless it is not reasonably practicable to do so because the land is in a remote location or difficult to access; and take all reasonable steps to publish the sales notice in another way to notify the public about the sale of the land. publish the sales notice in a newspaper that is circulating generally in the local government area or on a real estate trading website However, if— the land is a building unit; and it is not practicable to display the sales notice in a conspicuous place on the land; the notice may be displayed in a conspicuous part of the common property for the building units. The local government must ensure that the price for land offered for sale by negotiation under this section is at least— the market value of the land; or the higher of the following— the amount of overdue rates or charges on the land; the value of the land. In this section— sales notice , for a sale of land by negotiation, means a written notice stating— the land is for sale by negotiation; and a full description of the land. s 144 sub 2020 SL No. 244 s 36 (sec.144-ssec.1) The local government may, after the day of the auction, decide to continue to offer the land for sale by another auction, or sale by negotiation, under this section. (sec.144-ssec.2) The local government must end any negotiations entered into under section 143 (2) when it makes a decision under subsection (1) . (sec.144-ssec.3) Sections 142 (3) to (5) and 143 apply to the preparation and conduct of any subsequent sale by auction under this section. (sec.144-ssec.4) The local government must prepare a sales notice if it decides to offer the land for sale by negotiation under this section. (sec.144-ssec.5) The local government must— give a copy of the sales notice to each interested party who was given a notice of intention to sell the land; and publish the sales notice on the local government’s website; and display the sales notice in a conspicuous place in the local government’s public office; and display the sales notice in a conspicuous place on the land unless it is not reasonably practicable to do so because the land is in a remote location or difficult to access; and take all reasonable steps to publish the sales notice in another way to notify the public about the sale of the land. publish the sales notice in a newspaper that is circulating generally in the local government area or on a real estate trading website (sec.144-ssec.6) However, if— the land is a building unit; and it is not practicable to display the sales notice in a conspicuous place on the land; the notice may be displayed in a conspicuous part of the common property for the building units. (sec.144-ssec.7) The local government must ensure that the price for land offered for sale by negotiation under this section is at least— the market value of the land; or the higher of the following— the amount of overdue rates or charges on the land; the value of the land. (sec.144-ssec.8) In this section— sales notice , for a sale of land by negotiation, means a written notice stating— the land is for sale by negotiation; and a full description of the land. - (a) give a copy of the sales notice to each interested party who was given a notice of intention to sell the land; and - (b) publish the sales notice on the local government’s website; and - (c) display the sales notice in a conspicuous place in the local government’s public office; and - (d) display the sales notice in a conspicuous place on the land unless it is not reasonably practicable to do so because the land is in a remote location or difficult to access; and - (e) take all reasonable steps to publish the sales notice in another way to notify the public about the sale of the land. Examples of other ways to publish the sales notice— publish the sales notice in a newspaper that is circulating generally in the local government area or on a real estate trading website - (a) the land is a building unit; and - (b) it is not practicable to display the sales notice in a conspicuous place on the land; - (a) the market value of the land; or - (b) the higher of the following— (i) the amount of overdue rates or charges on the land; (ii) the value of the land. - (i) the amount of overdue rates or charges on the land; - (ii) the value of the land. - (i) the amount of overdue rates or charges on the land; - (ii) the value of the land. - (a) the land is for sale by negotiation; and - (b) a full description of the land.