Queensland Consolidated Acts

LAND ACT 1994 - SECT 240Q

240Q Disposal of proceeds of sale

The chief executive must apply the proceeds of sale of the lease as follows—

(a) firstly, to payment to the State of all costs properly incurred by the chief executive for the sale or any attempted sale;

(b) secondly, to payment to the State of all debts owing to the State under section 438 ;

(c) thirdly, to payment to the State of all costs properly incurred by the chief executive to rectify any damage caused to the land by the lessee;

(d) fourthly, to payment to the State of all costs properly incurred by the chief executive—

(i) if there was a transition to sale agreement—in the administration of the agreement; or

(ii) otherwise—in the administration of the lease;

(e) fifthly, to payment to the relevant local government of overdue rates payable to the local government under the Local Government Act 2009 ;

(f) lastly, to payment to the lessee.