(1) This section applies to all flood works constructed or maintained by the Minister for the purpose of protecting a town or village from flooding, being works that have been constructed at the request or with the concurrence of the local council within whose area the town or village is situated.
(2) Of the cost to the Minister of constructing and maintaining any flood work to which this section applies--(a) the local council is liable to contribute such percentage (not exceeding 12%) as the Minister may determine, and(b) Local Land Services is liable to contribute one-quarter of the balance.