sec.152Satisfaction on termination of tenure

### sec.152 Satisfaction on termination of tenure This section applies if— a local government is owed rates or charges on land; and the tenure of a holding is terminated for all or part of the land; and the State receives an amount from an incoming holder of all or part of the land. After retaining any amount owing to the State, the State may pay the local government an amount for the rates or charges. (sec.152-ssec.1) This section applies if— a local government is owed rates or charges on land; and the tenure of a holding is terminated for all or part of the land; and the State receives an amount from an incoming holder of all or part of the land. (sec.152-ssec.2) After retaining any amount owing to the State, the State may pay the local government an amount for the rates or charges. - (a) a local government is owed rates or charges on land; and - (b) the tenure of a holding is terminated for all or part of the land; and - (c) the State receives an amount from an incoming holder of all or part of the land.