sec.148Application of sdiv 3

### sec.148 Application of sdiv 3 This subdivision applies if— there are overdue rates or charges on land in a local government area; and the liability to pay the overdue rates or charges is not the subject of court proceedings; and some of the overdue rates or charges have been overdue for at least 3 years; and the person who is liable to pay the overdue rates or charges has an interest in the land that a corporation is not prohibited from holding (for example, a life interest in land); and either of the following applies— the total amount of the overdue rates or charges is more than the value of the land and the land is considered to be— valueless; or of so little value that, if it were sold, the proceeds of the sale would be less than the amount of the overdue rates or charges; the total amount of the overdue rates or charges is more than the market value of the land. - (a) there are overdue rates or charges on land in a local government area; and - (b) the liability to pay the overdue rates or charges is not the subject of court proceedings; and - (c) some of the overdue rates or charges have been overdue for at least 3 years; and - (d) the person who is liable to pay the overdue rates or charges has an interest in the land that a corporation is not prohibited from holding (for example, a life interest in land); and - (e) either of the following applies— (i) the total amount of the overdue rates or charges is more than the value of the land and the land is considered to be— (A) valueless; or (B) of so little value that, if it were sold, the proceeds of the sale would be less than the amount of the overdue rates or charges; (ii) the total amount of the overdue rates or charges is more than the market value of the land. - (i) the total amount of the overdue rates or charges is more than the value of the land and the land is considered to be— (A) valueless; or (B) of so little value that, if it were sold, the proceeds of the sale would be less than the amount of the overdue rates or charges; - (A) valueless; or - (B) of so little value that, if it were sold, the proceeds of the sale would be less than the amount of the overdue rates or charges; - (ii) the total amount of the overdue rates or charges is more than the market value of the land. - (i) the total amount of the overdue rates or charges is more than the value of the land and the land is considered to be— (A) valueless; or (B) of so little value that, if it were sold, the proceeds of the sale would be less than the amount of the overdue rates or charges; - (A) valueless; or - (B) of so little value that, if it were sold, the proceeds of the sale would be less than the amount of the overdue rates or charges; - (ii) the total amount of the overdue rates or charges is more than the market value of the land. - (A) valueless; or - (B) of so little value that, if it were sold, the proceeds of the sale would be less than the amount of the overdue rates or charges;